XML 24 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net Income per Share Applicable to Common Stockholders
 6 Months Ended
Jun. 30, 2017
Income Statement [Abstract]  
Net Income per Share Applicable to Common Stockholders

NOTE 8 — 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

June 30,

 

Six Months Ended

June 30,

   2017  2016  2017  2016
Numerator:            
Net income  $489,923  $516,938  $875,731  $1,065,252
                     
Convertible note interest  $29,789    27,490   $58,497    61,671 
                     
Adjusted diluted net income  $519,712  $544,428  $934,228  $1,126,923
                     
Denominator:                    
Weighted average common shares outstanding used in computing net income per share:                    

 

Basic

   5,965,479   5,821,891   5,939,304   5,733,267
Effect of dilutive stock options and convertible notes payable   1,820,389    1,652,894    1,825,491    1,425,566 
                     
Diluted   7,785,868   7,474,785   7,764,795   7,158,833
                     
Net income per share applicable to common stockholders:                    
Basic   $0.08  $0.09  $0.15  $0.19
Diluted   $0.07  $0.07  $0.12  $0.16