Earnings Per Share

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Earnings Per Share

NOTE 3 – LOSS PER SHARE

The following table represents the reconciliation of the Company's basic loss per share and diluted loss per share computations reported on the Condensed Consolidated Statements of Operations for the three months ended March 31, 2018 and 2017:

	Three Months Ended March 31
	2018			2017
Basic Loss Per Share
Net loss	$	(2,207,251	)	$	(2,147,252	)
Weighted average shares outstanding		5,307,133			5,307,133
Basic loss per share	$	(0.42	)	$	(0.40	)
Diluted Loss per Share
Net loss	$	(2,207,251	)	$	(2,147,252	)
Weighted average shares outstanding		5,307,133			5,307,133
Diluted shares outstanding		5,307,133			5,307,133
Diluted loss per share	$	(0.42	)	$	(0.40	)

Basic earnings per share exclude the impact of common share equivalents and are based upon the weighted average common shares outstanding. Diluted earnings per share utilize the average market price per share when applying the treasury stock method in determining common share dilution. When outstanding stock options are dilutive, they are treated as common share equivalents for purposes of computing diluted earnings per share and represent the difference between basic and diluted weighted average shares outstanding. In loss periods, stock options are excluded from the calculation of diluted loss per share, as the inclusion of stock options would have an anti-dilutive effect.