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Earnings Per Common Share (EPS)
 9 Months Ended
Sep. 30, 2015
Earnings Per Common Share (EPS) [Abstract]  
Earnings Per Share [Text Block]
12.
Earnings Per Common Share (EPS)
 
The computations of basic and diluted EPS were as follows for the periods presented below:
 
 
 
THREE MONTHS ENDED
 
NINE MONTHS ENDED
 
 
 
SEPTEMBER 30,
 
SEPTEMBER 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
(Unaudited)
 
Basic EPS Computation:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(1,763,280)
 
$
(5,901,696)
 
$
(4,330,667)
 
$
(7,497,633)
 
Weighted average number of common shares
 
 
82,515,103
 
 
73,195,464
 
 
82,130,665
 
 
71,029,985
 
Basic EPS
 
$
(0.021)
 
$
(0.081)
 
$
(0.053)
 
$
(0.106)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS Computation:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(1,763,280)
 
$
(5,901,696)
 
$
(4,330,667)
 
$
(7,497,633)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares
 
 
82,515,103
 
 
73,195,464
 
 
82,130,665
 
 
71,029,985
 
Incremental shares from assumed conversions of stock options
 
 
-
 
 
-
 
 
-
 
 
-
 
Adjusted weighted average number of common shares
 
 
82,515,103
 
 
73,195,464
 
 
82,130,665
 
 
71,029,985
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS
 
$
(0.021)
 
$
(0.081)
 
$
(0.053)
 
$
(0.106)
 
 
The dilutive effect of unexercised stock options excludes 1,857,668 and 3,114,001 of options from the computation of EPS for the three and nine month periods ended September 30, 2015 and 2014, respectively, because inclusion of the options would have been anti-dilutive.