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Net Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2019
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,

 

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

336,443

 

 

$

(1,105,791

)

Denominator:

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

9,625,678

 

 

 

9,479,742

 

Plus dilutive effect of potential common shares

 

 

335,370

 

 

 

 

Weighted average common shares outstanding - diluted

 

 

9,961,048

 

 

 

9,479,742

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

Basic

 

$

0.03

 

 

$

(0.12

)

Diluted

 

$

0.03

 

 

$

(0.12

)

 

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,

 

 

 

2019

 

 

2018

 

Employee stock options

 

 

468,104

 

 

 

1,159,062

 

Warrants outstanding

 

 

51,003

 

 

 

51,003

 

Total

 

 

519,107

 

 

 

1,210,065