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Earnings Per Share
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 7 EARNINGS PER SHARE

 

The following demonstrates the calculation for earnings per share for the three and six months ended June 30, 2014 and 2013:

 

  Three months ended  Six months ended 
  June 30,  June 30, 
  2014  2013  2014  2013 
Net income $5,530,144  $2,727,211  $7,919,872  $5,814,290 
Weighted average number of common shares –Basic and diluted  14,781,241   14,777,610   14,781,241   14,775,869 
Earnings per share –Basic and diluted $0.37  $0.18  $0.54  $0.39