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EARNINGS (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 6
EARNINGS (LOSS) PER SHARE
 
The following table provides a reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations.
 
Basic EPS is computed by dividing reported earnings available to stockholders by the weighted average shares outstanding. The Company had net losses for the three months and nine months ended September 30, 2013 and 2012, and the effect of including dilutive securities in the earnings per common share would have been anti-dilutive. Accordingly, all options and warrants to purchase common shares (totaling 8,127,581 potential shares at September 30, 2013) were excluded from the calculation of diluted earnings per share for the three months and nine months ended September 30, 2013 and 2012. 
 
 
 
Three Months
 
Three Months
 
Nine Months
 
Nine Months
 
 
 
Ending
 
Ending
 
Ending
 
Ending
 
 
 
Sept. 30, 2013
 
Sept. 30, 2012
 
Sept. 30, 2013
 
Sept. 30, 2012
 
Basic EPS
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Loss
 
$
(1,573,469)
 
 
(834,104)
 
$
(4,339,409)
 
 
(2,477,583)
 
Weighted Average Shares
 
 
25,700,296
 
 
19,541,679
 
 
24,181,281
 
 
15,383,548
 
Basic and Diluted Loss Per Share
 
$
(0.06)
 
$
(0.04)
 
$
(0.18)
 
$
(0.15)