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Earnings Per Common Share (EPS)
 3 Months Ended
Mar. 31, 2016
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
 
 
 
MARCH 31,
 
 
 
2016
 
2015
 
 
 
(Unaudited)
 
Basic EPS Computation:
 
 
 
 
 
 
 
Net (loss) income
 
$
(659,510)
 
$
(1,157,759)
 
Weighted average number of common shares
 
 
82,559,822
 
 
81,743,812
 
Basic EPS
 
$
(0.008)
 
$
(0.014)
 
 
 
 
 
 
 
 
 
Diluted EPS Computation:
 
 
 
 
 
 
 
Net (loss) income
 
$
(659,510)
 
$
(1,157,759)
 
 
 
 
 
 
 
 
 
Weighted average number of common shares
 
 
82,559,822
 
 
81,743,812
 
Incremental shares from assumed conversions
 
 
 
 
 
 
 
of stock options
 
 
-
 
 
-
 
Adjusted weighted average number of
 
 
 
 
 
 
 
common shares
 
 
82,559,822
 
 
81,743,812
 
 
 
 
 
 
 
 
 
Diluted EPS
 
$
(0.008)
 
$
(0.014)
 
 
The dilutive effect of unexercised stock options and restricted stock awards excludes 1,865,668 and 2,824,441 of options from the computation of EPS for the three month periods ended March 31, 2016 and 2015, respectively, because inclusion of the options would have been anti-dilutive.