XML 22 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share Applicable to Common Stockholders
 3 Months Ended
Apr. 01, 2017
Loss Per Share Applicable To Common Stockholders  
Earnings Per Share Applicable to Common Stockholders

The following table sets forth the computations of earnings per share amounts applicable to common stockholders for the three months ended April 1, 2017 and April 2, 2016:

 

    Three Months Ended  
    April 1, 2017     April 2, 2016  
             
Net income (loss)   $ (1,928,755 )   $ 255,625  
                 
Basic weighted average common shares outstanding (1):     38,030,688       36,414,041  
                 
Basic earnings (loss) per common share   $ (0.05 )   $ 0.01  
                 
Dilutive effect of stock options, net     -       1,024,428  
Dilutive effect of warrants, net     -       34,110  
                 
Diluted weighted average common shares outstanding :     38,030,688       37,472,579  
                 
Diluted earnings (loss) per common share   $ (0.05 )   $ 0.01  
                 
Potentially dilutive securities, total (2):                
  Stock options     5,757,195       5,203,419  
  Warrants     470,444       487,110  
  Convertible debt     -       257,798  

 

 

(1) Includes approximately 0.4 million weighted average nonvested shares of restricted stock for each of the three month periods ending April 1, 2017 and April 2, 2016, which are participating securities that feature voting and dividend rights.

 

(2) Excluded from the computation of diluted loss per share for the three month period ended April 1, 2017 as their impact is antidilutive.