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Earnings Per Share
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

7. Earnings Per Share

The Company reports earnings per share in accordance with appropriate accounting guidance. The following table sets forth the computation of basic and diluted earnings per common share:

 

                 
    Three Months Ended March 31,  
    2013     2012  

Numerator:

               

Net loss

  $ (1,013,630   $ (85,218
   

 

 

   

 

 

 

Denominator:

               

Denominator for earnings per share (basic and diluted) — weighted average shares

    1,687,319       1,679,999  
   

 

 

   

 

 

 

Loss per common share (basic and diluted):

  $ (0.60   $ (0.05
   

 

 

   

 

 

 

The Company had 12,000 stock options outstanding at March 31, 2013 and 2012, respectively, which were not included in the common share computation for loss per share, as the common stock equivalents were anti-dilutive.