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Note Q - Earnings Per Share (EPS)
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE Q—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,

 
   

2013

   

2012

 
                 

Stock Options

    1,844,530       —  

Warrants

    166,690       —  
                 

Potentially dilutive securities

    2,011,220       —  

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,

 
   

2013

   

2012

 
                 

Stock options

    410,000       3,262,272  

Warrants

    38,369,129       8,250,000  
                 

Total

    38,779,129       11,512,272