Annual report pursuant to Section 13 and 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v3.8.0.1
EARNINGS (LOSS) PER SHARE INFORMATION
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 2 – EARNINGS (LOSS) PER SHARE INFORMATION
 
For the years ended December 31,
 
2017
 
2016
 
2015
 
Net Income (Loss)
 
$
1,753,869
 
$
(37,637,687)
 
$
(9,052,771)
 
Basic Weighted-Average Shares Outstanding
 
 
51,383,008
 
 
38,710,626
 
 
28,176,924
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
1,413,932
 
 
-
 
 
-
 
Restricted stock
 
 
9,772
 
 
-
 
 
-
 
Diluted Weighted-Average Shares Outstanding
 
 
52,806,712
 
 
38,710,626
 
 
28,176,924
 
Basic Earnings (Loss) per Share
 
$
0.03
 
$
(0.97)
 
$
(0.32)
 
Diluted Earnings (Loss) per Share
 
$
0.03
 
$
(0.97)
 
$
(0.32)
 
 
Stock options to purchase 603,500, 3,358,250 and 2,881,150 shares of common stock were excluded from the computation of diluted earnings (loss) per share during the years ended December 31, 2017, 2016 and 2015, respectively, as their effect would have been anti-dilutive.
 
As disclosed in Note 15 below, subsequent to December 31, 2017, the Company issued 6,164,000 shares of common stock in an underwritten public offering.