Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v3.3.0.814
EARNINGS (LOSS) PER SHARE INFORMATION
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 2 – EARNINGS (LOSS) PER SHARE INFORMATION
 
 
 
For The Three Months
 
For The Nine Months
 
 
 
Ended September 30,
 
Ended September 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
Net Income (Loss)
 
$
(1,138,268)
 
$
1,726,469
 
$
(1,579,725)
 
$
5,711,896
 
Basic Weighted-Average Shares Outstanding
 
 
30,372,701
 
 
25,707,371
 
 
27,430,624
 
 
24,406,581
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
-
 
 
1,174,339
 
 
-
 
 
1,161,484
 
Diluted Weighted-Average Shares Outstanding
 
 
30,372,701
 
 
26,881,710
 
 
27,430,624
 
 
25,568,065
 
Basic Earnings (Loss) per Share
 
$
(0.04)
 
$
0.07
 
$
(0.06)
 
$
0.23
 
Diluted Earnings (Loss) per Share
 
$
(0.04)
 
$
0.06
 
$
(0.06)
 
$
0.22
 
 
Stock options to purchase 2,623,250 shares of common stock were excluded from the computation of diluted earnings per share during the three and nine months ended September 30, 2015 as their effect would have been anti-dilutive. Stock options to purchase 28,000 and 118,000 shares of common stock, respectively, were excluded from the computation of diluted earnings per share during the three and nine months ended September 30, 2014, as their effect would have been anti-dilutive.