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Summary Of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

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								Six Months Ended
		June 30, 2018				June 30, 2017				June 30, 2018				June 30, 2017
Net income (loss)		$	(641,557	)		$	(1,916,885	)		$	(2,386,318	)		$	(4,116,148	)
Numerator, basic and diluted net income (loss) available to stockholders		$	(641,557	)		$	(1,916,885	)		$	(2,386,318	)		$	(4,116,148	)
Denominator:
Shares used in computation – basic:
Weighted average common shares outstanding			8,466,909				8,322,512				8,466,909				8,022,108
Common shares outstanding for basic			8,466,909				8,322,512				8,466,909				8,022,108
Shares used in computation – diluted:
Common shares outstanding for basic			8,466,909				8,322,512				8,466,909				8,022,108
Shares used in computing diluted net income per share			8,466,909				8,322,512				8,466,909				8,022,108
Net (loss) per share – basic		$	(0.08	)		$	(0.23	)		$	(0.28	)		$	(0.51	)
Net (loss) per share – diluted		$	(0.08	)		$	(0.23	)		$	(0.28	)		$	(0.51	)

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								Six Months Ended
		June 30, 2018				June 30, 2017				June 30, 2018				June 30, 2017
Average market price during the period		$	8.66			$	3.58			$	6.62			$	3.90
In the money potential common shares from options excluded			15,384				5,315				13,193				6,706
In the money potential common shares from warrants excluded			71,223				2,010				56,193				11,691

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								Six-Months Ended
Per share exercise price		June 30, 2018				June 30, 2017				June 30, 2018				June 30, 2017
Out of the money options excluded:
$3.59			—				7,521				—				—
$12.48			136,833				137,666				136,833				137,666
$12.84			4,167				4,167				4,167				4,167
$26.40			75,158				75,158				75,158				75,158
$34.68			—				73,765				—				73,765
$39.00			8,333				8,333				8,333				8,333
$41.16			—				833				—				833
$42.00			—				8,333				—				8,333
$46.80			—				1,667				—				1,667
Out-of-the-money warrants excluded:
None			—				—				—				—
Total excluded			224,491				317,443				224,491				309,922

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

Six Months Ended

June 30, 2018

June 30, 2017

June 30, 2018

June 30, 2017

Potential common shares from unvested restricted stock awards excluded from EPS

132,826

238,921

132,826

238,921

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

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-Name Accounting Standards Codification
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