XML 25 R15.htm IDEA: XBRL DOCUMENT

Net Income (Loss) Per Share, Basic and Diluted

6 Months Ended

Jun. 30, 2018

Net Income (Loss) Per Share, Basic and Diluted

10.

Net Income (Loss) Per Share, Basic and Diluted

Basic earnings (loss) per share (“EPS”) represent net income (loss) attributable to common shareholders divided by the weighted average number of common shares outstanding during the measurement period. Diluted EPS represents net income attributable to common shareholders divided by the weighted average number of common shares outstanding during the measurement period while also giving effect to all potentially dilutive common shares that were outstanding during the period using the treasury stock method.

Basic and diluted net EPS is calculated as follows:

	Three months ended June 30,
	2018						2017
	Shares		Net Income		EPS		Shares		Net Loss			EPS
Basic EPS		5,982,711	$	1,453	$	0.24		5,340,234	$	(850	)	$	(0.16	)
Common stock warrants		281,224		-				-		-
Common stock options		1,270,911		-				-		-
Diluted EPS		7,534,846	$	1,453	$	0.19		5,340,234	$	(850	)	$	(0.16	)

	Six months ended June 30,
	2018						2017
	Shares		Net Income		EPS		Shares		Net Loss			EPS
Basic EPS		5,953,818	$	2,159	$	0.36		5,286,179	$	(1,722	)	$	(0.33	)
Common stock warrants		256,916		-				-		-
Common stock options		1,195,010		-				-		-
Diluted EPS		7,403,498	$	2,159	$	0.29		5,286,179	$	(1,722	)	$	(0.33	)

The following weighted average shares outstanding of common stock equivalents were excluded from the computation of diluted net loss per share for the three and six months ended June 30, 2018 and 2017 because including them would have been anti-dilutive:

	Three months ended June 30,				Six months ended June 30,
	2018		2017		2018		2017
Weighted average shares outstanding:
Common stock warrants		-		839,614		-		795,490
Options		135,000		2,040,322		135,000		2,120,936
Total		135,000		2,879,936		135,000		2,916,426