Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v2.4.1.9
EARNINGS (LOSS) PER SHARE INFORMATION
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 2 – EARNINGS (LOSS) PER SHARE INFORMATION
 
 
For The Three Months
 
 
 
Ended March 31,
 
 
 
2015
 
2014
 
Net Income (Loss)
 
$
(975,624)
 
$
1,163,689
 
Basic Weighted-Average Shares Outstanding
 
 
25,746,513
 
 
23,581,357
 
Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
 
 
-
 
 
1,123,295
 
Diluted Weighted-Average Shares Outstanding
 
 
25,746,513
 
 
24,704,652
 
Basic Earnings (Loss) per Share
 
$
(0.04)
 
$
0.05
 
Diluted Earnings (Loss) per Share
 
$
(0.04)
 
$
0.05
 
 
Stock options to purchase 2,649,500 shares of common stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2015, as their effect would have been anti-dilutive. Stock options to purchase 100,000 shares of common stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2014, as their effect would have been anti-dilutive.