Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2017

Reconciliation of Numerators and Denominators used in Computing Basic and Diluted Net Income Per Share

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income per share:


	Three Months Ended
	March 31, 2017			March 31, 2016
Net income (loss)	$	(2,199,263	)	$	84,644

Numerator, basic and diluted net income (loss) available to stockholders	$	(2,199,263	)	$	84,644

Denominator:
Shares used in computation – basic:
Weighted average common shares outstanding		7,718,366			7,541,111

Common shares outstanding for basic		7,718,366			7,541,111

Additional shares used in computation – diluted:		—			91,330
Common shares outstanding for basic		7,718,366			7,541,111

Shares used in computing diluted net income per share		7,718,366			7,632,441

Net (loss) per share – basic	$	(0.28	)	$	0.01
Net (loss) per share – diluted	$	(0.28	)	$	0.01

In the Money Potential Common Shares [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The potential common shares in the following tables represent potential common shares calculated using the treasury stock method from outstanding options, stock awards and warrants that were excluded from the calculation of diluted EPS:


	Three Months Ended
	March 31, 2017		March 31, 2016
Average market price during the period	$	4.22	$	3.63

In the money potential common shares from options excluded		7,903		—
In the money potential common shares from warrants excluded		19,905		—

Out of Money Potential Common Shares [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potential common shares from out of the money options and warrants were also excluded from the computation of diluted EPS because calculation of the associated potential common shares has an anti-dilutive effect on EPS. The following table lists options and warrants that were excluded from diluted EPS:


	Three Months Ended
Per share exercise price	March 31, 2017		March 31, 2016
Out of the money options excluded:
$ 12.48		137,666		137,666
$ 12.84		4,167		4,167
$ 26.40		75,158		79,370
$ 32.76		—		53,707
$ 34.68		73,765		78,705
$ 39.00		8,333		8,333
$ 41.16		833		3,333
$ 42.00		8,333		8,333
$ 46.80		1,667		1,667

Out-of-the-money warrants excluded:
$ 43.20		—		130,208

Total excluded		309,922		505,489

Unvested Restricted Stock Awards Excluded from EPS [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The weighted average equivalent common shares relating to our unvested restricted stock awards that were excluded from potential common shares in the earning per share calculation due to having an anti-dilutive effect are:


	Three Months Ended
	March 31, 2017		March 31, 2016

Potential common shares from unvested restricted stock awards excluded from EPS		238,921		—