Earnings Per Share

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Earnings Per Share

NOTE 18 – 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
	2017			2016
Basic Loss Per Share
Net loss numerator	$	(8,724,984	)	$	(1,404,277	)
Weighted average shares outstanding denominator		5,307,133			5,307,694
Per share amount	$	(1.64	)	$	(0.26	)
Diluted Loss Per Share
Net loss numerator	$	(8,724,984	)	$	(1,404,277	)
Weighted average shares outstanding		5,307,133			5,307,694
Effect of diluted securities		—			—
Diluted shares outstanding denominator		5,307,133			5,307,694
Per share amount	$	(1.64	)	$	(0.26	)

As of December 31, 2017 and 2016, the Company had 0 and 574 common share equivalents that were excluded in the diluted loss per share calculation for years ended December 31, 2017 and 2016, respectively.