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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Schedule of Number of Shares Used in Calculation of Earnings Per Share Basic and Diluted

The following is a reconciliation of the number of shares used in the calculation of basic earnings per share and diluted earnings per share for the three months ended March 31, 2017, and 2016:

		2017				2016
Net income after tax		$	2,558,654			$	2,810,476
Weighted average common shares outstanding			88,764,357				81,692,954
Common stock to be issued			125,000				-
Incremental shares from the assumed exercise of dilutive stock options			-				1,669,671
Incremental shares from the assumed exercise of dilutive stock warrants			-				2,017,870
Dilutive potential common shares			88,889,357				85,380,495
Net earnings per share:
Basic		$	0.03			$	0.03
Diluted		$	0.03			$	0.03

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities were not included in the computation of diluted net earnings per share as their effect would have been antidilutive:

		2017				2016
Options to purchase common stock			6,300,000				2,000,000
Warrants to purchase common stock			1,000,000				1,000,000
			7,300,000				3,000,000

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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