Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE INFORMATION

v2.4.0.8
EARNINGS PER SHARE INFORMATION
 6 Months Ended
Jun. 30, 2014
EARNINGS PER SHARE INFORMATION  
EARNINGS PER SHARE INFORMATION

NOTE 2 – EARNINGS (LOSS) PER SHARE INFORMATION

 

 

 

For The Three Months

 

For The Six Months

 

 

Ended June 30,

 

Ended June 30,

 

 

2014

 

2013

 

2014

 

2013

Net Income (Loss)

 

$

2,821,738

 

$

(890,393)

 

$

3,985,427

 

$

(1,855,673)

Basic Weighted-Average Shares Outstanding

 

 

23,907,651

 

 

14,350,284

 

 

23,745,406

 

 

14,290,060

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1,244,281

 

 

-

 

 

1,180,682

 

 

-

Diluted Weighted-Average Shares Outstanding

 

 

25,151,932

 

 

14,350,284

 

 

24,926,088

 

 

14,290,060

Basic Earnings (Loss) per Share

 

$

0.12

 

$

(0.06)

 

$

0.17

 

$

(0.13)

Diluted Earnings (Loss) per Share

 

$

0.11

 

$

(0.06)

 

$

0.16

 

$

(0.13)

 

Stock options to purchase 5,000 and 105,000 shares of common stock, respectively, were excluded from the computation of diluted earnings per share during the three and six months ended June 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 six months ended June 30, 2013 as their effect would have been anti-dilutive.