XML 53 R22.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note P - Earnings Per Share (EPS)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE P—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,

 
   

2014

   

2013

 
                 

Stock options

    516,214       922,265  

Warrants

    2,013,491       83,345  
                 

Potentially dilutive securities

    2,529,705       1,005,610  

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,

 
   

2014

   

2013

 
                 

Stock options

    1,615,000       205,000  

Warrants

    7,084,580       19,184,565  
                 

Total

    8,699,580       19,389,565