Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2017

Earnings (Loss) Per Share [Abstract]

(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.