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8A EARNINGS (LOSS) PER SHARE | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2017 | Dec. 31, 2016
Accounting Policies [Abstract] |  |
EARNINGS (LOSS) PER SHARE |
|  | Three Months Ended March 31,
|  | 2017 |  | 2016
Net income (loss) attributable to the Company |  | $ | (1,225,469 | ) |  | $ | (1,097,381 | )
Weighted average common shares outstanding |  |  | 14,094,536 |  |  |  | 11,874,361 |
Basic net income (loss) per share of common stock |  | $ | (0.09 | ) |  | $ | (0.09 | )
Diluted net income (loss) per share of common stock |  | $ | (0.09 | ) |  | $ | (0.09 | )
Due to the Company's net loss, potential dilutive shares were not included in the calculation of diluted earnings per share for the periods ended March 31, 2017 and March 31 2016, as they would have an antidilutive effect. | A reconciliation of net income and weighted average shares used in computing basic and diluted net income per share is as follows:
|  | Twelve Months Ended
|  | December 31,
|  | 2016 |  | 2015
Basic net income (loss) per share: |  |  |  |  |  |  |  |
Net income (loss) applicable to common shares |  | $ | (2,788,112 | ) |  | $ | (814,075 | )
Weighted average common shares outstanding |  |  | 13,068,597 |  |  |  | 11,101,198 |
Basic net income (loss) per share of common stock |  | $ | (0.21 | ) |  | $ | (0.07 | )
Diluted net income (loss) per share: |  |  |  |  |  |  |  |
Net income (loss) applicable to common shares |  | $ | (2,788,112 | ) |  | $ | (814,075 | )
Weighted average common shares outstanding |  |  | 13,068,597 |  |  |  | 11,101,198 |
Dilutive effects of convertible debt, stock options and warrants |  |  | - |  |  |  | - |
Weighted average common shares, assuming dilutive effect of stock options |  |  | 13,068,597 |  |  |  | 11,101,198 |
Diluted net income (loss) per share of common stock |  | $ | (0.21 | ) |  | $ | (0.07 | )
Share-based awards, inclusive of all grants made under the Company's equity plans, for which either the stock option exercise price or the fair value of the restricted share award exceeds the average market price over the period, have an anti-dilutive effect on earnings per share, and accordingly, are excluded from the diluted computations for all periods presented. During the twelve months ended December 31, 2016, we granted our directors and employees options to purchase 782,700 shares of our common stock and restricted stock units for 507,680 shares of our common stock. As of December 31, 2016, we had outstanding options to purchase 972,700 shares of the Company's common stock and restricted stock units for 590,869 shares of the Company's common stock, resulting in share-based awards for a total of 1,563,569 shares of our common stock outstanding under the Plan leaving 436,431 share-based units available under the Plan. Due to the Company's net loss, potential dilutive shares were not included in the calculation of diluted EPS on December 31, 2016, as it will have an antidilutive effect.

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- Definition Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18780-107790 + Details
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