XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Note 8 - Income Per Share | 6 Months Ended
--- | ---
Jun. 30, 2016
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 8: Income (loss) per share The Company is required to present basic income (loss) per share and diluted income (loss) per share in its consolidated statements of operations. Basic income (loss) per share amounts are computed by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted income (loss) per share reflects additional common shares that would have been outstanding if potentially dilutive common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding restricted stocks and would be determined using the treasury stock method. The Company is also required to provide a reconciliation of the numerator and denominator used in the computation of both basic and diluted income (loss) per share. The Company had no outstanding stock options as of June 30, 2016 or December 31, 2015. The following is information about the computation of income (loss) per share for the three and six months ended June 30, 2016 and 2015:
|  | Restated |  |  |  |  |  |  | Restated |
Three months ended June 30, 2016 |  | Net Loss |  |  |  | Weighted Average Common Shares Outstanding |  |  | Amount |
Basic Loss Per Share |  | $ | (582,313 | ) |  |  | 3,957,012 |  |  | $ | (0.15 | )
Effect of Dilutive Securities |  |  |  |  |  |  |  |  |  |  |  |
Non-vested Restricted Stock Grants |  |  | N/A |  |  |  | N/A |  |  |  | N/A |
Diluted Loss Per Share |  |  | (582,313 | ) |  |  | 3,957,012 |  |  | $ | (0.15 | )
Three months Ended June 30, 2015 |  | Net Income |  |  |  | Weighted Average Common Shares Outstanding |  |  | Amount |
Basic Income Per Share |  | $ | 689,321 |  |  |  | 3,872,073 |  |  | $ | 0.18 |
Effect of Dilutive Securities |  |  |  |  |  |  |  |  |  |  |  |
Non-vested Restricted Stock Grants |  |  | N/A |  |  |  | 21,093 |  |  |  | N/A |
Diluted Income Per Share |  | $ | 689,321 |  |  |  | 3,893,166 |  |  | $ | 0.18 |
|  | Restated |  |  |  |  |  | Restated |
Six months ended June 30, 2016 |  | Net Income |  |  | Weighted Average Common Shares Outstanding |  |  | Amount |
Basic Earnings Per Share |  | $ | 71,084 |  |  |  | 3,956,609 |  |  | $ | 0.02 |
Effect of Dilutive Securities |  |  |  |  |  |  |  |  |  |  |  |
Non-vested Restricted Stock Grants |  |  | N/A |  |  |  | 33,366 |  |  |  | N/A |
Diluted Earnings Per Share |  |  | 71,084 |  |  |  | 3,989,975 |  |  | $ | 0.02 |
Six months Ended June 30, 2015 |  | Net Income |  |  | Weighted Average Common Shares Outstanding |  |  | Amount |
Basic Income Per Share |  | $ | 978,134 |  |  |  | 3,871,960 |  |  | $ | 0.25 |
Effect of Dilutive Securities |  |  |  |  |  |  |  |  |  |  |  |
Non-vested Restricted Stock Grants |  |  | N/A |  |  |  | 20,992 |  |  |  | N/A |
Diluted Income Per Share |  | $ | 978,134 |  |  |  | 3,892,952 |  |  | $ | 0.25 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration