Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share

Basic earnings per share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period, including stock options and warrants, using the treasury stock method. Diluted EPS excludes all potentially dilutive shares of common stock if their effect is anti-dilutive.

Weighted-average basic shares outstanding for the three months ended March 31, 2016 and 2015 were 18,458,748 and 14,069,419, respectively. As a result of the net loss from continuing operations presented for the three months ended March 31, 2016 and 2015, the Company calculated diluted earnings per share using weighted-average basic shares outstanding for those periods, as utilizing diluted shares would be anti-dilutive to loss per share.

The computation of diluted EPS excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive:

	Three Months Ended March 31,
	2016		2015
Stock options and warrants		3,266,500		750,000