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Basic and Diluted Average Shares
3 Months Ended
Mar. 31, 2014
Basic and Diluted Average Shares [Abstract]  
Basic and Diluted Average Shares

(5) Basic and Diluted Average Shares

 

A reconciliation of basic and diluted average common shares for the three months ended March 31, 2014 and 2013 is as follows:

 

    For the Three Months Ended
March 31,
 
    2014     2013  
             
Basic weighted average shares     12,193,940       12,175,584  
Effect of potential dilutive securities:                
Stock options     -       137,464  
Diluted  weighted average shares     12,193,940       12,313,048  

 

For the three months ended March 31, 2014 and 2013, options to purchase 5,347,500 and 5,030,000 shares of common stock, respectively, and 84,000 and 0 unvested Restricted Stock Units ("RSUs"), respectively, were not added to the diluted average shares because inclusion of such shares would be antidilutive.