Numerator:

Numerator for basic and diluted income (loss) per share, net income (loss) available to common shareholders

$

(415,086

)

$

2,851,267

$

(1,016,710

)

$

2,676,572

Denominator:

Denominator for basic income (loss) per share, weighted average shares outstanding

26,892,925

27,322,497

26,719,488

26,747,277

Effect of dilutive securities

—

Denominator for diluted earnings per share, adjusted for weighted average shares and assumed conversion

26,892,925

27,322,497

26,719,488

26,747,277

Basic income (loss) per common share

$

(0.02

)

$

0.10

$

(0.04

)

$

0.10

Diluted income (loss) per common share and common share equivalent

$

(0.02

)

$

0.10

$

(0.04

)

$

0.10