Note 7 - Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

7. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per common share:

	Nine months ended September 30,
	2013			2012
Numerator:
Net loss applicable to common shareholders	$	(1,331,992	)	$	(229,844	)
Denominator:
Denominator for earnings per share (basic and diluted) ― weighted average shares		1,687,319			1,682,661
Net loss per share applicable to common shareholders (basic and diluted):	$	(0.79	)	$	(0.14	)

The Company had 12,000 stock options outstanding at September 30, 2012, which were not included in the common share computation for loss per share as of that date, as the common stock equivalents were anti-dilutive. The individual to whom these stock options had been issued terminated employment with the Company on April 2, 2013 and forfeited the stock options in the third quarter of 2013.