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Earnings Per Common Share (EPS)
 12 Months Ended
Dec. 31, 2015
Earnings Per Common Share (EPS) [Abstract]  
Earnings Per Share [Text Block]
13.
Earnings Per Common Share (EPS)
 
The computations of basic and diluted EPS for the years ended were as follows:
 
 
 
YEAR ENDED
 
 
 
DECEMBER 31,
 
 
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
Basic EPS Computation:
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(5,466,607)
 
$
(8,400,626)
 
$
(1,694,785)
 
Weighted average number of common shares
 
 
82,228,974
 
 
73,048,883
 
 
63,802,275
 
Basic EPS
 
$
(0.066)
 
$
(0.115)
 
$
(0.027)
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS Computation:
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(5,466,607)
 
$
(8,400,626)
 
$
(1,694,785)
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares
 
 
82,228,974
 
 
73,048,883
 
 
63,802,275
 
Incremental shares from assumed conversions of stock options
 
 
-
 
 
-
 
 
-
 
Adjusted weighted average number of common shares
 
 
82,228,974
 
 
73,048,883
 
 
63,802,275
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS
 
$
(0.066)
 
$
(0.115)
 
$
(0.027)
 
 
The dilutive effect of unexercised stock options excludes 1,857,668, 2,791,601, and 3,336,500 of options from the computation of EPS for the years ended December 31, 2015, 2014 and 2013, respectively.