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Basic and Diluted Earnings Per Common Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share

(3) Basic and Diluted Earnings Per Common Share

 

The Company computes basic and diluted earnings per common share in accordance with the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) No. 260, Earnings per Share. Basic earnings per share excludes the dilutive effects of options, warrants and other convertible securities. Diluted earnings per share reflects the potential dilution of securities that could share in the Company’s earnings. The total number of shares of the Company’s common stock subject to options, warrants, and convertible preferred stock that were excluded from computing diluted net loss per common share was approximately 457,000 and 451,000 shares (after taking into account the proportion adjustments as a result of the reverse/forward split described in Note 2) as of June 30, 2016 and 2015, respectively, as their effect was anti-dilutive.