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Earnings Per Share | 9 Months Ended
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Sep. 30, 2017
Earnings Per Share [Abstract] |
Earnings Per Share | (13) Earnings Per Share For the three months ended September 30, 2017 and 2016, basic and diluted net income per share are calculated as follows:
|  | Three Months Ended September 30, |
|  | 2017 |  |  | 2016 |
Basic income per share |  |  |  |  |  |
Net income for the period - numerator |  | $ | 1,572,335 |  |  | $ | 3,034,542 |
Weighted average common stock outstanding - denominator |  |  | 21,450,316 |  |  |  | 21,450,316 |
Net income per share |  | $ | 0.07 |  |  | $ | 0.14 |
Diluted income per share |  |  |  |  |  |  |  |
Net income for the period- numerator |  | $ | 1,572,335 |  |  | $ | 3,034,542 |
Weighted average common stock outstanding - denominator |  |  | 21,450,316 |  |  |  | 21,450,316 |
Effect of dilution |  |  | - |  |  |  | - |
Weighted average common stock outstanding - denominator |  |  | 21,450,316 |  |  |  | 21,450,316 |
Diluted income per share |  | $ | 0.07 |  |  | $ | 0.14 |
For the nine months ended September 30, 2017 and 2016, basic and diluted net income per share are calculated as follows:
|  | Nine Months Ended September 30, |
|  | 2017 |  |  | 2016 |
Basic income per share |  |  |  |  |  |
Net income for the period - numerator |  | $ | 3,296,121 |  |  | $ | 4,242,251 |
Weighted average common stock outstanding - denominator |  |  | 21,450,316 |  |  |  | 21,404,627 |
Net income per share |  | $ | 0.15 |  |  | $ | 0.20 |
Diluted income per share |  |  |  |  |  |  |  |
Net income for the period- numerator |  | $ | 3,296,121 |  |  | $ | 4,242,251 |
Weighted average common stock outstanding - denominator |  |  | 21,450,316 |  |  |  | 21,404,627 |
Effect of dilution |  |  | - |  |  |  | - |
Weighted average common stock outstanding - denominator |  |  | 21,450,316 |  |  |  | 21,404,627 |
Diluted income per share |  | $ | 0.15 |  |  | $ | 0.20 |
For the three and nine months ended September 30, 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 were lower than the warrants exercise price. For the three and nine months ended September 30, 2017, there were no securities with dilutive effect issued and outstanding.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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