Annual report pursuant to Section 13 and 15(d)

EARNINGS (LOSS) PER SHARE

v3.3.1.900
EARNINGS (LOSS) PER SHARE
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
NOTE E - EARNINGS (LOSS) PER SHARE

Basic Earnings (loss) per share is calculated by dividing the net income (loss) by the weighted average number of outstanding common shares during the period.  Diluted per share data included the dilutive effects of options, warrants and convertible securities.  Potential shares of 3,605,000 and 3,700,000 at December 31, 2015 and 2014, respectively, consisted of options and warrants.  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