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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2014
Notes to Financial Statements  
Note 5 - EARNINGS PER SHARE

Basic net income (loss) per share is computed by dividing net income (loss) attributable to the Company, decreased with respect to net income or increased with respect to net loss by dividends declared on preferred stock by using the weighted-average number of common shares outstanding. The dilutive effect of incremental common shares potentially issuable under outstanding options, warrants and restricted shares is included in diluted earnings per share utilizing the treasury stock method. The computations of basic and diluted per share data were as follows:

 

    Nine months ended     Three months ended  
    September 30,
2014		     September 30,
2013		     September 30,
2014		     September 30,
2013		  
                                 
Net income (loss)   $ 6,291,936   $   (573,553 )   $ 4,749,437     $ (79,834 )
Weighted average common shares outstanding - basic     125,585,532       100,282,193       125,585,532       100,634,352  
Option awards     218,407       -       216,263       -  
Weighted average common shares outstanding - dilutive     125,803,939       100,282,193       125,801,795       100,634,352  
Net income (loss) per share - basic and diluted     0.05       (0.01 )     0.04       (0.00 )