Note 13 - Earnings Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

13. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31:

	Year ended December 31,
	2013			2012			2011
Numerator:
Net income (loss) applicable to common shareholders	$	(2,826,724	)	$	(614,578	)	$	37,091
Denominator:
Denominator for earnings per share (basic) ― weighted average shares		1,687,319			1,682,994			1,655,805
Denominator for earnings per share (diluted) ― weighted average shares		1,687,319			1,682,994			1,655,805
Net income (loss) per share applicable to common shareholders (basic):	$	(1.68	)	$	(0.37	)	$	0.02
Net income (loss) per share applicable to common shareholders (diluted):	$	(1.68	)	$	(0.37	)	$	0.02

For each of the years ended December 31, 2012 and 2011, 12,000 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings (loss) per share because the effect was antidilutive.