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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Note 7 - 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 in 2014 and 2015 utilizing the treasury stock method. The computations of basic and diluted per share data were as follows:

 

    12/31/2015     12/31/2014  
Net (loss) income   $ (6,687,912 )   $ 6,044,691  
Weighted average common shares outstanding – basic     125,615,984       125,585,532  
Option awards     206,873       217,607  
Weighted average common shares outstanding - dilutive     125,615,984       125,803,139  
Basic and Diluted     (0.05 )     0.05