Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share of Common Stock

v2.4.0.6
Earnings Per Share of Common Stock
3 Months Ended
Mar. 31, 2013
Earnings Per Share of Common Stock [Abstract]  
EARNINGS PER SHARE OF COMMON STOCK

NOTE 4. EARNINGS PER SHARE OF COMMON STOCK

The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2013 and 2012. Earnings per share is computed using the weighted average number of shares outstanding during the respective periods.

 

                 
    For the Three Months Ended March 31,  
    2013     2012  

Net income

  $ 47,516     $ 152,504  

Denominator for basic & diluted weighted average common shares

    5,249,898       2,750,000  
   

 

 

   

 

 

 

Basic & diluted earnings per common share

  $ 0.01     $ 0.06