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EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Schedule of antidilutive shares excluded from weighted average calculation

Basic earnings (loss) per share is computed based on the weighted average number of common shares outstanding. For the three and six months ended June 30, 2016 and 2015, common stock equivalents excluded from the calculation of weighted average shares because they were antidilutive are as follows:

		Three Months Ended								Six Months Ended
		June 30:								June 30:
		2016				2015				2016				2015

Stock options			390,525				436,132	⁽¹⁾			390,525				436,132	⁽¹⁾
Unvested shares of restricted common stock			11,111				56,785	⁽¹⁾			11,141	⁽¹⁾			56,785	⁽¹⁾
Series A convertible preferred stock			678,009	⁽¹⁾			-				522,155	⁽¹⁾			-

Total			1,079,645				492,917				923,821				492,917

⁽¹⁾

Includes weighted average number of shares for options issued during the period and shares of restricted stock that vested during the period.