Note 5 - Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 5 - EARNINGS PER SHARE

The following information was used in the computation of EPS on a basic and diluted basis:

	Three months ended March 31,
	2016		2015
Net income	$	6,373,489	$	4,177,889
Basic earnings per common share	$	0.54	$	0.52
Diluted earnings per common share	$	0.53	$	0.52
Weighted average common shares outstanding		11,793,620		7,975,910
Weighted average common shares issuable upon exercise of stock options and under the employee stock purchase plan		160,329		121,534
Weighted average common and common equivalent shares outstanding		11,953,949		8,097,444