Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 8    EARNINGS PER SHARE

The following demonstrates the calculation for earnings per share for the three and six months ended June 30, 2013 and 2012:

	Three months ended				Six months ended
	June 30,				June 30,
	2013		2012		2013		2012
Net income	$	2,727,211	$	2,351,149	$	5,814,290	$	4,472,359
Weighted average number of common shares –Basic and diluted		14,777,610		14,765,942		14,775,869		14,763,815
Earnings per share –Basic and diluted	$	0.18	$	0.16	$	0.39	$	0.30

For three and six months ended June 30, 2012, the Company excluding 840,454 warrants outstanding from diluted earnings per share as they were anticipative.