XML 1030 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
EARNINGS PER SHARE
 12 Months Ended
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 )