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Note 4 - Earnings Per Share Common Stock (EPS)
 9 Months Ended
Sep. 30, 2014
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) 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.                             


The following table summarizes the options and warrants which were excluded from the diluted per share calculation even though the exercise prices were less than the average market price of the common shares because the effect of including these potential shares was antidilutive due to the net losses for the three and nine month periods ended September 30:


   

Three Months Ended

September 30,

   

Nine Months Ended

September 30,

 
   

2014

   

2013

   

2014

   

2013

 
                                 

Stock Options

    728,298       2,802,392       1,429,391       2,027,713  

Warrants

    -       817,072       -       174,477  

Total

    728,298       3,619,464       1,429,391       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,

 
   

2014

   

2013

   

2014

    2013  
                                 

Stock options

    6,195,001       410,000       3,480,000       410,000  

Warrants

    30,369,129       3,500,006       30,369,129       11,750,006  

Total

    36,564,130       3,910,006       33,849,129       12,160,006