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Earnings Per Share
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Earnings Per Share

 

NOTE 18 - EARNINGS (LOSS) PER SHARE

A reconciliation of the numerator and denominator used in the basic and diluted earnings (loss) per share calculation is presented below:

      Year ended December 31
      2015     2014     2013
  Basic Earnings (Loss) Per Share         
 Net income (loss) numerator  $(1,182,870)  $846,361   $603,668 
                
 Weighted average shares outstanding denominator   5,335,540    5,341,147    5,341,147 
                
 Per share amount  $(0.22)  $0.16   $0.11 
                
Diluted Earnings (Loss) Per Share               
 Net income (loss) numerator  $(1,182,870)  $846,361   $603,668 
                
 Weighted average shares outstanding   5,335,540    5,341,147    5,341,147 
 Effect of diluted securities   —      5,405    3,065 
 Diluted shares outstanding denominator   5,335,540    5,346,552    5,344,212 
                
 Per share amount  $(0.22)  $0.16   $0.11 

 

As of December 31, 2015, the Company had 2,761 common share equivalents that were excluded in the diluted (loss) per share calculation for year ended December 31, 2015.