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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Below is a summary of the earnings per share computations:
 
Three Months Ended June 30,
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Earnings per share – basic
 
$0.08
 
 
$0.08
 
Earnings per share – diluted
 
$0.07
 
 
$0.07
 
Weighted average shares of common stock outstanding – basic
 
 
32,674,459
 
 
 
25,067,954
 
Weighted average shares of common stock outstanding – diluted
 
 
37,850,679
 
 
 
28,417,877
 
 
Six Months Ended June 30,
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Earnings per share – basic
 
$
0.15
 
 
$
0.25
 
Earnings per share – diluted
 
$
0.13
 
 
$
0.22
 
Weighted average shares of common stock outstanding – basic
 
 
32,548,662
 
 
 
25,067,954
 
Weighted average shares of common stock outstanding – diluted
 
 
37,935,773
 
 
 
28,417,877
 
 
Schedule of Weighted Average Number of Shares
Below is a summary of the shares included in the diluted earnings per share computations:
 
Three Months Ended June 30,
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding – basic
 
 
32,674,459
 
 
 
25,067,954
 
10% shares held back pursuant to indemnification clause
 
 
3,039,609
 
 
 
2,785,328
 
Stock options
 
 
692,506
 
 
 
564,595
 
Warrants
 
 
1,444,105
 
 
 
-
 
Weighted average shares of common stock outstanding – diluted
 
 
37,850,679
 
 
 
28,417,877
 
 
Six Months Ended June 30,
 
2018
  
2017
 
       
Weighted average shares of common stock outstanding – basic  32,548,662   25,067,954 
10% shares held back pursuant to indemnification clause  3,039,609   2,785,328 
Stock options  720,103   564,595 
Warrants  1,627,399   - 
Weighted average shares of common stock outstanding – diluted  37,935,773   28,417,877