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Note S - Earnings Per Share (EPS)
 12 Months Ended
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