EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

12. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed based on the weighted average number of common shares outstanding. For the three and nine months ended September 30, 2016 and 2015, common stock equivalents excluded from the calculation of weighted average shares because they were antidilutive are as follows:

	Three Months Ended						Nine Months Ended
	September 30:						September 30:
	2016			2015			2016			2015
Stock options		390,525			436,132	(1)		390,525			435,924	(1)
Unvested shares of restricted common stock		37,818	(1)		55,698	(1)		20,078	(1)		39,972	(1)
Series A convertible preferred stock		699,004	(1)		-			581,535	(1)		-
Total		1,127,347			491,830			992,138			475,896

⁽¹⁾ Includes weighted average number of shares for options issued during the period and shares of restricted stock that vested during the period.