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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
NOTE 8 - 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 2016 and 2015 utilizing the treasury stock method. The computations of basic and diluted per share data were as follows:
|  | 12/31/2016 |  |  | 12/31/2015 |
Net (loss) income |  | $ | (601,002 | ) |  | $ | (6,687,912 | )
Weighted average common shares outstanding – basic |  |  | 12,564,824 |  |  |  | 12,561,598 |
Option awards |  |  | 8,074 |  |  |  | 20,687 |
Weighted average common shares outstanding - dilutive |  |  | 12,564,824 |  |  |  | 12,561,598 |
Basic and Diluted |  |  | (0.05 | ) |  |  | (0.53 | )

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