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4. Per Share Data:
 9 Months Ended
Sep. 30, 2014
Notes to Financial Statements  
4. Per Share Data:
 
Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average outstanding common shares during the period. Diluted earnings per share is calculated by dividing net income by the number of shares outstanding under the basic calculation and adding all dilutive securities, which consist of options. The Company incurred a net loss for the three and nine months ended September 30, 2014 and September 30, 2013 respectively. Accordingly, basic and diluted net loss per common share are the same for each period as the effect of stock options is anti-dilutive. Shares of underlying stock options not included in the diluted computation amounted to 265,000 at September 30, 2014 and 375,000 at September 30, 2013.