Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v3.8.0.1
EARNINGS (LOSS) PER SHARE INFORMATION
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 3 – EARNINGS (LOSS) PER SHARE INFORMATION
 
 
 
For The Three Months
 
 
 
Ended March 31,
 
 
 
2018
 
2017
 
Net Income
 
$
5,665,634
 
$
1,279,281
 
Basic Weighted-Average Shares Outstanding
 
 
56,415,673
 
 
49,114,731
 
Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
 
 
1,491,095
 
 
1,299,704
 
Restricted stock
 
 
42,621
 
 
-
 
Diluted Weighted-Average Shares Outstanding
 
 
57,949,389
 
 
50,414,435
 
Basic Income per Share
 
$
0.10
 
$
0.03
 
Diluted Income per Share
 
$
0.10
 
$
0.03
 
 
Stock options to purchase 583,500 shares of common stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2018, as their effect would have been anti-dilutive. Stock options to purchase 602,500 shares of common stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2017, as their effect would have been anti-dilutive.