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EARNINGS (LOSS) PER SHARE | 12 Months Ended
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Dec. 31, 2016
EARNINGS (LOSS) PER SHARE [Abstract] |
EARNINGS (LOSS) PER SHARE |
13. | EARNINGS (LOSS) PER SHARE
Basic earnings per share (“EPS”) are computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted-average number of common shares and dilutive common stock equivalents outstanding during the period.
All figures in USD except number of shares and earnings (loss) per common share |  | 2016 |  |  | 2015 |  |  | 2014 |
Numerator: |  |  |  |  |  |  |  |  |
Net (Loss) Income |  |  | (4,456 | ) |  |  | 114,627 |  |  |  | (13,166 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic - Weighted Average Common Shares Outstanding |  |  | 92,531,001 |  |  |  | 89,182,001 |  |  |  | 85,401,179 |
Dilutive – Weighted Average Common Shares Outstanding |  |  | 92,531,001 |  |  |  | 89,182,001 |  |  |  | 85,401,179 |
Earnings (Loss) per Common Share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | (0.05 | ) |  |  | 1.29 |  |  |  | (0.15 | )
Diluted |  |  | (0.05 | ) |  |  | 1.29 |  |  |  | (0.15 | )

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