Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v3.7.0.1
EARNINGS (LOSS) PER SHARE INFORMATION
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 2 – EARNINGS (LOSS) PER SHARE INFORMATION
 
 
 
For The Three Months
 
 
 
Ended March 31,
 
 
 
2017
 
2016
 
Net Income (Loss)
 
$
1,279,281
 
$
(15,275,044)
 
Basic Weighted-Average Shares Outstanding
 
 
49,114,731
 
 
30,394,360
 
Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
 
 
1,299,704
 
 
-
 
Diluted Weighted-Average Shares Outstanding
 
 
50,414,435
 
 
30,394,360
 
Basic Income (Loss) per Share
 
$
0.03
 
$
(0.50)
 
Diluted Income (Loss) per Share
 
$
0.03
 
$
(0.50)
 
 
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. Stock options to purchase 2,876,150 shares of common stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2016, as their effect would have been anti-dilutive.