Annual report pursuant to Section 13 and 15(d)

EARNINGS (LOSS) PER SHARE (Tables)

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EARNINGS (LOSS) PER SHARE (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Loss Per Share Tables  
Schedule of Earnings Per Share

Computations of basic and diluted weighted average common shares outstanding are as follows:

 

    2015     2014  
             
Weighted-average common shares outstanding - basic     23,501,987       25,170,346  
                 
Dilutive effect of options and warrants     980,570       1,757,984  
                 
Weighted-average common shares outstanding - diluted     24,482,557       26,928,330  
                 
                 
Options and Warrants excluded from the computation of diluted income (loss) per share because the effect of inclusion would have been anti-dilutive     105,000       375,000