XML 43 R20.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

(14) Earnings Per Share

 

For the years ended December 31, 2016, 2015 and 2014, basic and diluted net income per share are calculated as follows:

 

    Year Ended December 31,  
    2016     2015     2014  
Basic income per share                  
Net income for the period - numerator   $ 7,312,976     $ 11,542,205     $ 11,706,360  
Weighted average common stock outstanding - denominator     21,416,143       20,316,400       19,270,394  
Net income per share   $ 0.34     $ 0.57     $ 0.61  
                         
Diluted income per share                        
Net income for the period- numerator   $ 7,312,976     $ 11,542,205     $ 11,706,360  
Weighted average common stock outstanding - denominator     21,416,143       20,316,400       19,270,394  
Effect of dilution     -       -       -  
Weighted average common stock outstanding - denominator     21,416,143       20,316,400       19,270,394  
Diluted income per share   $ 0.34     $ 0.57     $ 0.61  

 

For the years ended December 31, 2016, 2015 and 2014, 820,312 shares related to warrants are excluded from the calculations of dilutive net income per share as their effects would have been anti-dilutive since the average share price for the years ended December 31, 2016, 2015 and 2014 were lower than the warrants exercise price.