Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Net Income Per Share

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Note 2 - Net Income Per Share
 3 Months Ended
Dec. 31, 2011
Earnings Per Share [Text Block]
Note 2.  Net Income Per Share

Basic net income per common share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the reporting period. Diluted EPS equals net income divided by the sum of the weighted average number of shares of common stock outstanding plus all additional common stock equivalents, such as stock options, when dilutive.

   
Three Months Ended December 31
 
   
2011
   
2010
 
Net income per common share — basic:
           
Net income
  $ 999,599     $ 501,158  
Weighted average shares outstanding basic
    12,299,554       12,019,289  
Net income per common share
  $ 0.08     $ 0.04  
                 
Net income per common share — diluted
               
Net income
  $ 999,599     $ 501,158  
Weighted average shares outstanding
    12,299,554       12,019,289  
Dilutive impact of common stock equivalent outstanding
    426,739       610,654  
Weighted average shares outstanding— diluted
    12,726,293       12,629,943  
Net income per common share — diluted
  $ 0.08     $ 0.04