Exhibit 11.0



COMPUTATION OF EARNINGS PER SHARE



|                                                                                             |  | Three months ended |           |   | Three months ended |   |           | Six months ended |  |   | Six months ended | 
|-------------------------------------------------------------------------------------------- |  | ------------------ | --------- | - | ------------------ | - | --------- | ---------------- |  | - | ---------------- | 
|                                                                                             |  | June30, 2012       |           |   | June30, 2011       |   |           | June 30, 2012    |  |   | June 30, 2011    | 
|                                                                                             |  |                    |           |   |                    |   |           |                  |  |   |                  | 
|(Loss) income available to common stockholders                                               |  | $                  | (490,900  | ) |                    | $ | (796,808  | )                |  | $ | 4,102,988        | 
|                                                                                             |  |                    |           |   |                    |   |           |                  |  |   |                  | 
|Weighted average shares outstanding                                                          |  |                    | 2,676,727 |   |                    |   | 2,671,459 |                  |  |   | 2,676,069        | 
|                                                                                             |  |                    |           |   |                    |   |           |                  |  |   |                  | 
|Basic (loss) earnings per share                                                              |  | $                  | (0.18     | ) |                    | $ | (0.30     | )                |  | $ | 1.53             | 
|                                                                                             |  |                    |           |   |                    |   |           |                  |  |   |                  | 
|(Loss) income for diluted earnings per share                                                 |  | $                  | (490,900  | ) |                    | $ | (796,808  | )                |  | $ | 4,102,988        | 
|                                                                                             |  |                    |           |   |                    |   |           |                  |  |   |                  | 
|Total weighted average common shares and equivalents
    outstanding for diluted computation |  |                    | 2,676,727 |   |                    |   | 2,671,459 |                  |  |   | 2,676,069        | 
|                                                                                             |  |                    |           |   |                    |   |           |                  |  |   |                  | 
|Diluted (loss) earnings per share                                                            |  | $                  | (0.18     | ) |                    | $ | (0.30     | )                |  | $ | 1.53             | 





42

---