Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE INFORMATION

v2.4.0.8
EARNINGS PER SHARE INFORMATION
 9 Months Ended
Sep. 30, 2014
EARNINGS PER SHARE INFORMATION  
EARNINGS PER SHARE INFORMATION

NOTE 2 – EARNINGS (LOSS) PER SHARE INFORMATION

 

 

 

 

 

 

For The Three Months

 

For The Nine Months

 

 

 

 

 

Ended September 30,

 

Ended September 30,

 

 

 

 

 

2014

 

2013

 

2014

 

2013

Net Income (Loss)

 

 

 

 $   1,726,469

 

 $  (131,493)

 

 $   5,711,896

 

 $ (1,987,166)

Basic Weighted-Average Shares Outstanding

 

    25,707,371

 

  17,801,343

 

    24,406,581

 

   15,473,339

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

      1,174,339

 

                 -   

 

      1,161,484

 

                  -   

Diluted Weighted-Average Shares Outstanding

 

    26,881,710

 

  17,801,343

 

    25,568,065

 

   15,473,339

Basic Earnings (Loss) per Share

 

 

 $            0.07

 

 $        (0.01)

 

 $            0.23

 

 $          (0.13)

Diluted Earnings (Loss) per Share

 

 

 $            0.06

 

 $        (0.01)

 

 $            0.22

 

 $          (0.13)

  

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.  Stock options to purchase 2,562,500 shares of common stock were excluded from the computation of diluted loss per share during both the three and nine months ended September 30, 2013 as their effect would have been anti-dilutive.