Annual report pursuant to Section 13 and 15(d)

10. Earnings Per Share (Tables)

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10. Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2012
Earnings Per Share Tables  
Reconciliation of Earning per Share

The following is a reconciliation of the amounts used in calculating basic and diluted net income per common share.

 

    Net Income     Shares     Per Share Amount  
                   
Basic net income per common share for the year ended December 31, 2012:                  
Income available to common stockholders   $ 100,423       11,200,025     $ 0.01  
Effect of dilutive stock options             10,914       --  
Diluted net income per common share for the year ended December 31, 2012:   $ 100,423       11,210,939     $ 0.01  
                         
Basic net income per common share for the year ended December 31, 2011:                        
Income available to common stockholders   $ 153,401       11,196,760     $ 0.01  
Effect of dilutive stock options             27,650       --  
Diluted net income per common share for the year ended December 31, 2011:   $ 153,401       11,224,410     $ 0.01