Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v3.7.0.1
EARNINGS (LOSS) PER SHARE INFORMATION
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 2 – EARNINGS (LOSS) PER SHARE INFORMATION
 
Stock options to purchase 582,500 and 602,500 shares of common stock were excluded from the computation of diluted earnings per share during the three and six months ended June 30, 2017, respectively, as their effect would have been anti-dilutive. Stock options to purchase 2,766,600 shares of common stock were excluded from the computation of diluted earnings per share during the three and six months ended June 30, 2016, as their effect would have been anti-dilutive.
 
 
 
For The Three Months
 
For The Six Months
 
 
 
Ended June 30,
 
Ended June 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
Net Income (Loss)
 
$
1,910,763
 
$
(15,941,500)
 
$
3,190,044
 
$
(31,216,544)
 
Basic Weighted-Average Shares Outstanding
 
 
49,156,895
 
 
38,625,307
 
 
49,135,929
 
 
34,509,833
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
1,317,502
 
 
-
 
 
1,298,561
 
 
-
 
Diluted Weighted-Average Shares Outstanding
 
 
50,474,397
 
 
38,625,307
 
 
50,434,490
 
 
34,509,833
 
Basic Earnings (Loss) per Share
 
$
0.04
 
$
(0.41)
 
$
0.06
 
$
(0.90)
 
Diluted Earnings (Loss) per Share
 
$
0.04
 
$
(0.41)
 
$
0.06
 
$
(0.90)