| Earnings Per Share |
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 income (loss) per common share.
| |
|
Net
Income |
|
Shares |
|
Per
Share Amount |
| 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 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Net
Income |
|
Shares |
|
Per
Share Amount |
| Basic net income per common share for the three months ended June
30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
78,445 |
|
|
|
11,196,760 |
|
|
$ |
0.01 |
|
| Effect of dilutive stock options |
|
|
|
|
|
|
26,103 |
|
|
|
|
|
| Diluted net income per common share for the three months ended
June 30, 2011: |
|
$ |
78,445 |
|
|
|
11,222,863 |
|
|
$ |
0.01 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Net
Income |
|
Shares |
|
Per
Share Amount |
| Basic net income per common share for the three months ended June
30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
38,187 |
|
|
|
11,196,760 |
|
|
$ |
0.01 |
|
| Effect of dilutive stock options |
|
|
|
|
|
|
12,469 |
|
|
|
|
|
| Diluted net income per common share for the three months ended
June 30, 2011: |
|
$ |
38,817 |
|
|
|
11,209,229 |
|
|
$ |
0.01 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Net
Income |
|
Shares |
|
Per
Share Amount |
| Basic net income per common share for the three months ended June
30, 2011: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
182,212 |
|
|
|
11,196,760 |
|
|
$ |
0.02 |
|
| Effect of dilutive stock options |
|
|
|
|
|
|
18,427 |
|
|
|
|
|
| Diluted net income per common share for the three months ended
June 30, 2011: |
|
$ |
182,212 |
|
|
|
11,215,187 |
|
|
$ |
0.02 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|