Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.3.0.15
Earnings Per Share
3 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract]  
Earnings Per Share

Note (2) - Earnings Per Share: Basic earnings per share for the three months ended September 30, 2011 and 2010 are computed as follows:
 
   
For the three months ended
September 30,
 
   
2011
(Unaudited)
   
2010
(Unaudited)
 
Net income
  $ 233,498     $ 131,952  
Weighted average shares outstanding
    7,033,732       7,033,732  
Basic and fully diluted earnings per share
  $ .03     $ .02  

At September 30, 2011, the Company had no outstanding options to purchase shares of the Company’s common stock or other dilutive securities.