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Earnings Per Common Share (EPS)
 12 Months Ended
Dec. 31, 2016
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,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
Basic EPS Computation:
 
 
 
 
 
 
 
Net (loss) income
 
$
(4,133,912)
 
$
(5,466,607)
 
Weighted average number of common shares
 
 
82,687,789
 
 
82,228,974
 
Basic EPS
 
$
(0.05)
 
$
(0.07)
 
 
 
 
 
 
 
 
 
Diluted EPS Computation:
 
 
 
 
 
 
 
Net (loss) income
 
$
(4,133,912)
 
$
(5,466,607)
 
Weighted average number of common shares
 
 
82,687,789
 
 
82,228,974
 
Incremental shares from assumed conversions
 
 
 
 
 
 
 
of stock options
 
 
-
 
 
-
 
Adjusted weighted average number of
 
 
 
 
 
 
 
common shares
 
 
82,687,789
 
 
82,228,974
 
Diluted EPS
 
$
(0.05)
 
$
(0.07)
 
 
The dilutive effect of unexercised stock options and unvested restricted stock awards outstanding under the Company's stock plan excludes 2,340,668 and 2,357,668 of options from the computation of EPS for the years ended December 31, 2016 and 2015, respectively.