| 4. Earnings Per Share |
Basic earnings per share excludes
dilution and is computed by dividing income available to common shareholders by the weighted-average number of shares outstanding
for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to
issue common stock were exercised or converted into common stock, except for periods when the Company reports a net loss because
the inclusion of such items would be antidilutive.
The following is a reconciliation
of the amounts used in calculating basic and diluted net loss per common share.
| |
|
Net Income |
|
|
Shares |
|
|
Per Share Amount |
|
| Basic net income per common share for the three months ended June 30, 2012: |
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
51,444 |
|
|
|
11,199,782 |
|
|
$ |
0.00 |
|
| Effect of dilutive stock options |
|
|
- |
|
|
|
11,800 |
|
|
|
- |
|
| Diluted net income per common share for the three months ended June 30, 2012: |
|
$ |
51,444 |
|
|
|
11,211,582 |
|
|
$ |
0.00 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic net income per common share for the six months ended June 30, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
28,894 |
|
|
|
11,198,271 |
|
|
$ |
0.00 |
|
| Effect of dilutive stock options |
|
|
- |
|
|
|
16,846 |
|
|
|
- |
|
| Diluted net income per common share for the six months ended June 30, 2012: |
|
$ |
28,894 |
|
|
|
11,215,117 |
|
|
$ |
0.00 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic net income per common share for the three months ended June 30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
47,282 |
|
|
|
11,196,760 |
|
|
$ |
0.00 |
|
| Effect of dilutive stock options |
|
|
- |
|
|
|
16,706 |
|
|
|
- |
|
| Diluted net income per common share for the three months ended June 30, 2011: |
|
$ |
47,282 |
|
|
|
11,213,466 |
|
|
$ |
0.00 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic net income per common share for the six months ended June 30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
78,445 |
|
|
|
11,196,760 |
|
|
$ |
0.00 |
|
| Effect of dilutive stock options |
|
|
- |
|
|
|
26,103 |
|
|
|
- |
|
| Diluted net income per common share for the six months ended June 30, 2011: |
|