Annual report pursuant to Section 13 and 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v3.10.0.1
EARNINGS (LOSS) PER SHARE INFORMATION
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 4 – EARNINGS (LOSS) PER SHARE INFORMATION
 
For the years ended December 31,
 
2018
 
 
2017
 
 
2016
 
Net Income (Loss)
 
$
8,999,760
 
 
$
1,753,869
 
 
$
(37,637,687
)
Basic Weighted-Average Shares Outstanding
 
 
59,531,200
 
 
 
51,383,008
 
 
 
38,710,626
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
1,238,786
 
 
 
1,413,932
 
 
 
-
 
Restricted stock
 
 
78,191
 
 
 
9,772
 
 
 
-
 
Diluted Weighted-Average Shares Outstanding
 
 
60,848,177
 
 
 
52,806,712
 
 
 
38,710,626
 
Basic Earnings (Loss) per Share
 
$
0.15
 
 
$
0.03
 
 
$
(0.97
)
Diluted Earnings (Loss) per Share
 
$
0.15
 
 
$
0.03
 
 
$
(0.97
)
 
Stock options to purchase 574,500, 603,500 and 3,358,250 shares of common stock were excluded from the computation of diluted earnings per share during the years ended December 31, 2018, 2017 and 2016, respectively, as their effect would have been anti-dilutive. 2,500 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the year ended December 31, 2018 as their effect would have been anti-dilutive.