XML 37 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note S - Earnings Per Share (EPS)
 12 Months Ended
Dec. 31, 2016
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:
 
 
 
2016
 
 
2015
 
                 
Basic Numerator:
 
 
 
 
 
 
 
 
Loss from continuing operations
   $
(4,189,704
)
   $
(1,857,306
)
Convertible preferred stock dividends
   
(802,500
)
    
(133,851
)
Net loss available to common stockholders (basic and diluted EPS)
   $
(4,992,204
)
   $
(1,991,157
)
 
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,
 
 
 
2016
 
 
2015
 
                 
Preferred stock
    
5,416,667
      
859,095
  
Stock options
    
17,657
      
4,639
  
Warrants
    
1,018
      
-
  
                 
Potentially dilutive securities
    
5,435,342
      
863,734
  
 
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,
 
 
 
2016
 
 
2015
 
                 
Stock options
    
235,845
      
236,528
  
Warrants
    
1,212,163
      
1,704,618
  
                 
Total
    
1,448,008
      
1,941,146