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Note S - Earnings Per Share (EPS) | 12 Months Ended
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Dec. 31, 2015
Notes to Financial Statements |
Earnings Per Share [Text Block] | NOTE S—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 preferred stock. The reconciliation of the numerator of the basic and diluted EPS calculations, due to the inclusion of preferred stock dividends was as follows for the following fiscal years ended December 31:
|  | 2015 |  |  | 2014 |
Basic Numerator: |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (1,857,306 | ) |  | $ | (1,883,572 | )
Convertible preferred stock dividends |  |  | (133,851 | ) |  |  | - |
Net loss available to common stockholders (basic and diluted EPS) |  | $ | (1,991,157 | ) |  | $ | (1,883,572 | )
The following table summarizes the weighted average securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive.
|  | Years ended December 31, |
|  | 2015 |  |  | 2014 |
Preferred stock |  |  | 10,309,132 |  |  |  | - |
Stock options |  |  | 55,664 |  |  |  | 516,214 |
Warrants |  |  | - |  |  |  | 2,013,491 |
Potentially dilutive securities |  |  | 10,364,796 |  |  |  | 2,529,705 |
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 |  |  | 2014 |
Stock options |  |  | 2,838,333 |  |  |  | 1,615,000 |
Warrants |  |  | 20,455,414 |  |  |  | 7,084,580 |
Total |  |  | 23,293,747 |  |  |  | 8,699,580 |

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