Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 10 - EARNINGS PER SHARE

Basic and diluted earnings per share for 2011 and 2010 were calculated as follows:

	2011		2010
Weighted average number of common shares- Basic and diluted		14,757,319		14,737,945
Earnings per share - basic and diluted	$	0.65	$	0.45

For each of the years ended December 31, 2011 and 2010, the Company excluded 840,454 warrants outstanding from diluted earnings per share because the exercise price of $3.20 exceeded the average trading price of $1.88 and $2.83 for the years ended December 31, 2011 and 2010, respectively, making these warrants anti-dilutive.