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Note R - Earnings Per Share
 9 Months Ended 12 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Earnings Per Share [Abstract]    
Earnings Per Share [Text Block]

4.                EARNINGS (LOSS) PER SHARE COMMON STOCK (“EPS”)


The Company’s basic EPS is calculated using net income (loss) available to common shareholders and the weighted-average number of shares outstanding during the reporting period. Diluted EPS includes the effect from potential issuance of common stock, such as stock issuable pursuant to the exercise of stock options and warrants and the assumed conversion of convertible notes and preferred stock. 


The reconciliation of the numerators of the basic and diluted EPS calculations was as follows for both of the following three and nine month periods ended September 30:


   

Three Months ended

September 30,

   

Nine Months ended

September 30,

 
   

2013

   

2012

   

2013

   

2012

 

Basic Numerator:

                               
                                 

(Loss) available to common stockholders

  $ (782,554

)

  $ (232,609

)

  $ (1,652,963

)

  $ (482,530

)

                                 

Basic Denominator

    89,844,062       78,155,413       86,194,591       78,155,413  

Per Share Amount

  $ (0.01

)

  $ 0.00     $ (0.02

)

  $ (0.01

)


The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive.


   

Three Months Ended

September 30,

   

Nine Months Ended

September 30,

 
   

2013

   

2012

   

2013

   

2012

 
                                 

Potentially dilutive Stock Options

    2,802,392       -       2,027,713       -  

Potentially dilutive Warrants

    817,072       -       174,477       -  

Total

    3,619,464       -       2,202,190       -  

Items excluded from the diluted per share calculation because the exercise price was greater than the average market price of the common shares:


   

Three Months Ended

September 30,

   

Nine Months Ended

September 30,

 
   

2013

   

2012

   

2013

   

2012

 
                                 

Stock options

    410,000       4,575,749       410,000       4,575,749  

Warrants

    3,500,006       8,250,000       11,750,006       8,250,000  

Total

    3,910,006       12,825,749       12,160,006       12,825,749  

NOTE R—EARNINGS PER SHARE (EPS)

The Company’s basic EPS is calculated using net income (loss) available to common shareholders and the weighted-average number of shares outstanding during the reporting period. Diluted EPS includes the effect from potential issuance of common stock, such as stock issuable pursuant to the exercise of stock options and warrants and the assumed conversion of convertible notes and preferred stock.

The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive even though the exercise price was less than the average market price of the common shares.

   
Years ended December 31,
 
   
2012
   
2011
 
             
Stock Options
    —       379,865  
                 
Potentially dilutive securities
    —       379,865  

Items excluded from the diluted per share calculation because the exercise price was greater than the average market price of the common shares:

   
Years ended December 31,
 
   
2012
   
2011
 
             
Stock options
    3,262,272       3,087,140  
Warrants
    8,250,000       8,250,000  
                 
Total
    11,512,272       11,337,140