Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

v2.4.0.8
EARNINGS (LOSS) PER SHARE
9 Months Ended
Sep. 30, 2014
Net Income per share  
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 includes the dilutive effects of options, warrants and convertible securities. Potential shares of 3,700,000 and 7,207,500 at September 30, 2014 and September 30, 2013, respectively, consisted of options and warrants.  Computations of basic and diluted weighted average common shares outstanding are as follows:  

 

   

Nine Months Ended

 September 30,

   

Three Months Ended

 September 30,

 
    2014     2013     2014     2013  
                         
Weighted-average common shares outstanding – basic     25,396,573       25,387,348       24,942,874       25,792,387  
Dilutive effect of options and warrants     2,214,406       2,075,010             -  
Weighted-average common shares outstanding – diluted     27,610,979       27,462,358       24,942,874       25,792,387  
Options and Warrants excluded from the computation of diluted income (loss) per share because the effect of inclusion would have been anti-dilutive     1,485,594       5,132,490       3,700,000       7,207,500