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Net Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Summary of Computation of Net Income (Loss) Per Share

The following table presents the computation of net income (loss) per share:

 

 

 

Three Months Ended March 31,

 

 

 

 

2018

 

 

2017

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(1,105,791

)

 

$

385,090

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

9,479,742

 

 

 

9,359,562

 

 

Plus dilutive effect of potential common shares

 

 

 

 

 

842,044

 

 

Weighted average common shares outstanding - diluted

 

 

9,479,742

 

 

 

10,201,606

 

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.12

)

 

$

0.04

 

 

Diluted

 

$

(0.12

)

 

$

0.04

 

 

 

Summary of Potentially Dilutive Securities

Potentially dilutive securities not included in the calculation of diluted net income (loss) per share because to do so would be anti-dilutive are as follows:

 

 

 

Three Months Ended March 31,

 

 

 

 

2018

 

 

2017

 

 

Employee stock options

 

 

1,159,062

 

 

 

6,581

 

 

Warrants outstanding

 

 

51,003

 

 

 

 

 

Total

 

 

1,210,065

 

 

 

6,581