Basic and Diluted Average Shares

6 Months Ended

Jun. 30, 2016

Note 5 - Basic and Diluted Average Shares

A reconciliation of basic and diluted weighted average common shares for the three and six months ended June 30, 2016 and 2015 is as follows:

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2016	2015	2016	2015

Basic weighted average shares	12,328,956	12,262,741	12,313,228	12,254,257
Effect of potential dilutive securities	-	-	-	-
Diluted weighted average shares	12,328,956	12,262,741	12,313,228	12,254,257

For the three and six months ended June 30, 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 and six months ended June 30, 2016, there were 93,530 and 63,020 unvested Restricted Stock Units (“RSUs”), respectively, not added to the diluted average shares because inclusion of such shares would be antidilutive. For the three and six months ended June 30, 2015, there were 30,000 unvested Restricted Stock Units (“RSUs”), not added to the diluted average shares because inclusion of such shares would be antidilutive.