Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share of Common Stock

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Earnings Per Share of Common Stock
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share of Common Stock

NOTE 7. EARNINGS PER SHARE OF COMMON STOCK

The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2014 and 2013. Earnings per share is computed using the weighted average number of shares outstanding during the respective periods.

 

     For the Three Months Ended June 30,      For the Six Months Ended June 30,  
     2014     2013      2014     2013  

Net (loss) income

    $ (301,094 )    $ 30,356       $ (280,176 )    $ 77,872   

Weighted average shares of common stock outstanding – basic and diluted

      6,530,264        6,530,264         6,530,264        5,893,618   
  

 

 

    

 

 

     

 

 

    

 

 

  

Basic and diluted (loss) earnings per common share

    $ (0.05 )    $ 0.00       $ (0.04 )    $ 0.01