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Net Income Per Share Applicable to Common Stockholders

9 Months Ended

Sep. 30, 2016

Income Statement [Abstract]

Net Income Per Share Applicable to Common Stockholders

NOTE 9 — Net Income Per Share Applicable to Common Stockholders

The following table sets forth the computation of basic and diluted net income per share:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2016				2015				2016				2015
Numerator:
Net income		$	669,050			$	529,775			$	1,734,302			$	859,282
Convertible note interest		$	27,836				—			$	89,507				—
Adjusted diluted net income		$	696,886			$	529,775			$	1,823,809			$	859,282
Denominator:
Weighted average common shares outstanding used in computing net income per share:
Basic			5,842,609				5,560,197				5,769,981				5,539,766
Effect of dilutive stock options and warrants (treasury stock method)			1,081,646				420,185				1,080,007				420,185
Diluted			6,924,255				5,980,382				6,849,988				5,959,951
Net income per share:
Basic		$	0.11			$	0.10			$	0.30			$	0.16
Diluted		$	0.10			$	0.09			$	0.27			$	0.14

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- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ 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

Reference 2: 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

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

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- References

No definition available.

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