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EXCEL - IDEA: XBRL DOCUMENT - AMERICAN LOCKER GROUP INCFinancial_Report.xls
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v2.4.0.6
Earnings Per Share
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

8. Earnings Per Share

The Company reports earnings per share in accordance with appropriate accounting guidance. The following table sets forth the computation of basic and diluted earnings per common share:

 

                 
    Nine Months Ended September 30,  
    2012     2011  

Numerator:

               

Net (loss) income

  $ (229,844   $ 53,361  
   

 

 

   

 

 

 

Denominator:

               

Denominator for earnings per share (basic and diluted) — weighted average shares

    1,682,661       1,652,422  
   

 

 

   

 

 

 

(Loss) income per common share (basic and diluted):

  $ (0.14   $ 0.03  
   

 

 

   

 

 

 

 

                 
    Three Months Ended September 30,  
    2012     2011  

Numerator:

               

Net(loss) income

  $ (22   $ 123,491  
   

 

 

   

 

 

 

Denominator:

               

Denominator for earnings per share (basic and diluted) — weighted average shares

    1,683,985       1,660,440  
   

 

 

   

 

 

 

(Loss) income per common share (basic and diluted):

  $ (0.00   $ 0.07  
   

 

 

   

 

 

 

The Company had 12,000 stock options outstanding at September 30, 2012 and at September 30, 2011. These options were not included in the common share computation for loss per share, as the common stock equivalents were anti-dilutive.