Earnings Per Share

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Earnings Per Share

NOTE 19 - 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
	2016			2015			2014
Basic Earnings (Loss) Per Share
Net income (loss) numerator	$	(1,404,277	)	$	(1,182,870	)	$	846,361
Weighted average shares outstanding denominator		5,307,694			5,335,540			5,341,147
Per share amount	$	(0.26	)	$	(0.22	)	$	0.16
Diluted Earnings (Loss) Per Share
Net income (loss) numerator	$	(1,404,277	)	$	(1,182,870	)	$	846,361
Weighted average shares outstanding		5,307,694			5,335,540			5,341,147
Effect of diluted securities		—			—			5,405
Diluted shares outstanding denominator		5,307,694			5,335,540			5,346,552
Per share amount	$	(0.26	)	$	(0.22	)	$	0.16

As of December 31, 2016 and 2015, the Company had 574 and 2,761 common share equivalents that were excluded in the diluted (loss) per share calculation for years ended December 31, 2016 and 2015, respectively.