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Earnings (Loss) Per Share | 3 Months Ended
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Mar. 31, 2017
Earnings (Loss) Per Share [Abstract] |
Earnings (Loss) Per Share | (13 Earnings (Loss) Per Share For the three months ended March 31, 2017 and 2016, basic and diluted net income (loss) per share are calculated as follows:
|  | Three Months Ended March 31, |
|  | 2017 |  |  | 2016 |
Basic income (loss) per share |  |  |  |  |  |
Net income (loss) for the period - numerator |  | $ | 1,707,869 |  |  | $ | (1,373,896 | )
Weighted average common stock outstanding - denominator |  |  | 21,450,316 |  |  |  | 21,311,726 |
Net income (loss) per share |  | $ | 0.08 |  |  | $ | (0.06 | )
Diluted income(loss) per share |  |  |  |  |  |  |  |
Net income (loss) for the period- numerator |  | $ | 1,707,869 |  |  | $ | (1,373,896 | )
Weighted average common stock outstanding - denominator |  |  | 21,450,316 |  |  |  | 21,311,726 |
Effect of dilution |  |  | - |  |  |  | - |
Weighted average common stock outstanding - denominator |  |  | 21,450,316 |  |  |  | 21,311,726 |
Diluted income (loss) per share |  | $ | 0.08 |  |  | $ | (0.06 | )
For the three months ended March 31, 2017 and 2016, 820,312 warrants shares 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 period ended March 31, 2017 were lower than the warrants exercise price. For the three months ended March 31, 2017, there were no securities with dilutive effect issued and outstanding.

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