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
 9 Months Ended
Sep. 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 nine months ended September 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 September 30,      For the Nine Months Ended September 30,  
     2014      2013      2014     2013  

Net income (loss)

    $ 100,375       $ 4,760       $ (179,803 )    $ 82,633   

Weighted average shares of common stock outstanding – basic and diluted

      6,605,264         6,530,264         6,555,539        6,108,165   
  

 

 

     

 

 

     

 

 

    

 

 

  

Basic and diluted earnings (loss) per common share

    $ 0.02       $ 0.00       $ (0.03 )    $ 0.01