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Earnings Per Share

6 Months Ended

Jun. 30, 2019

(13) Earnings Per Share

For the three months ended June 30, 2019 and 2018, basic and diluted net income per share are calculated as follows:

	Three Months Ended June 30,
	2019		2018
Basic income per share
Net income for the period - numerator	$	450,070	$	109,994
Weighted average common stock outstanding - denominator		22,022,316		21,450,316

Net income per share	$	0.02	$	0.01

Diluted income per share
Net income for the period- numerator	$	450,070	$	109,994
Weighted average common stock outstanding - denominator		22,022,316		21,450,316

Effect of dilution		-		-
Weighted average common stock outstanding - denominator		22,022,316		21,450,316

Diluted income per share	$	0.02	$	0.01

For the six months ended June 30, 2019 and 2018, basic and diluted net income per share are calculated as follows:

	Six Months Ended June 30,
	2019			2018
Basic loss per share
Net loss for the period - numerator	$	(2,272,525	)	$	(3,976,282	)
Weighted average common stock outstanding - denominator		22,022,316			21,450,316

Net loss per share	$	(0.10	)	$	(0.19	)

Diluted loss per share
Net loss for the period - numerator	$	(2,272,525	)	$	(3,976,282	)
Weighted average common stock outstanding - denominator		22,022,316			21,450,316

Effect of dilution		-			-
Weighted average common stock outstanding - denominator		22,022,316			21,450,316

Diluted loss per share	$	(0.10	)	$	(0.19	)

For the three and six months ended June 30, 2019 and 2018, 820,312 warrants shares were excluded from the calculations of dilutive net income per share as their effects would have been anti-dilutive since the average share price was lower than the warrants exercise price. For the three and six months ended June 30, 2019, there were no securities with dilutive effect issued and outstanding.