Basic and Diluted Average Shares

3 Months Ended

Mar. 31, 2016

Note 5 - Basic and Diluted Average Shares

A reconciliation of basic and diluted weighted average common shares is as follows:

	For the Three Months Ended
	March 31,
	2016		2015

Basic weighted average shares		12,297,501		12,245,679
Effect of potential dilutive securities		-		-
Diluted weighted average shares		12,297,501		12,245,679

For the three months ended March 31, 2016 and 2015, options to purchase 5,015,000 and 5,030,000 shares of common stock, respectively, were not added to the diluted average shares because inclusion of such shares would be antidilutive. For the three months ended March 31, 2016 and 2015, there were 93,530 and 72,600 unvested Restricted Stock Units (“RSUs”), respectively, not added to the diluted average shares because inclusion of such shares would be antidilutive.