Annual report pursuant to Section 13 and 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v3.6.0.2
EARNINGS (LOSS) PER SHARE INFORMATION
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 2 – EARNINGS (LOSS) PER SHARE INFORMATION
 
For the years ended December 31,
 
2016
 
2015
 
2014
 
Net Income (Loss)
 
$
(37,637,687)
 
$
(9,052,771)
 
$
8,420,500
 
Basic Weighted-Average Shares Outstanding
 
 
38,710,626
 
 
28,176,924
 
 
24,739,795
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
-
 
 
-
 
 
1,150,490
 
Diluted Weighted-Average Shares Outstanding
 
 
38,710,626
 
 
28,176,924
 
 
25,890,285
 
Basic Earnings (Loss) per Share
 
$
(0.97)
 
$
(0.32)
 
$
0.34
 
Diluted Earnings (Loss) per Share
 
$
(0.97)
 
$
(0.32)
 
$
0.33
 
 
Stock options to purchase 3,358,250, 2,881,150 and 455,500 shares of common stock were excluded from the computation of diluted earnings (loss) per share during the years ended December 31, 2016, 2015 and 2014, respectively, as their effect would have been anti-dilutive.