Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 11 EARNINGS PER SHARE

Basic and diluted earnings per share for 2012 and 2011 were calculated as follows:

	2012		2011
Weighted average number of common shares- Basic and diluted		14,767,253		14,757,319
Earnings per share - basic and diluted	$	0.87	$	0.65

For each of the years ended December 31, 2012 and 2011, 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 $1.63 and $1.88 for the years ended December 31, 2012 and 2011, respectively, making these warrants anti-dilutive.