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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

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 and six months ended June 30, 2018, and 2017:

		For the three months ended								For the six months ended
		June 30, 2018				June 30, 2017				June 30, 2018				June 30, 2017
Net income after tax		$	(783,393	)		$	(50,181	)		$	(838,886	)			2,508,473
Weighted average common shares outstanding			89,862,638				88,811,169				89,862,638				88,787,893
Common stock to be issued			-				-				-				125,000
Incremental shares from the assumed exercise of dilutive stock options			-				-				-				-
Incremental shares from the assumed exercise of dilutive stock warrants			-				-				-				-
Dilutive potential common shares			89,862,638				88,811,169				89,862,638				88,912,893
Net earnings per share:
Basic		$	(0.01	)		$	(0.00	)		$	(0.01	)		$	0.03
Diluted		$	(0.01	)		$	(0.00	)		$	(0.01	)		$	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:

		2018				2017
Options to purchase common stock			8,666,667				6,300,000
Warrants to purchase common stock			1,000,000				1,000,000
			9,666,667				7,300,000

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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://fasb.org/us-gaap/role/ref/legacyRef
-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://fasb.org/us-gaap/role/ref/legacyRef
-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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