Earnings Per Common Share (EPS)

3 Months Ended

Mar. 31, 2017

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,
	2017		2016
	(Unaudited)
Basic EPS Computation:
Net loss	$	(1,154,217)	$	(659,510)
Weighted average number of common shares		82,841,812		82,559,822
Basic EPS	$	(0.01)	$	(0.01)
Diluted EPS Computation:
Net loss	$	(1,154,217)	$	(659,510)
Weighted average number of common shares		82,841,812		82,559,822
Incremental shares from assumed conversions of stock options		-		-
Adjusted weighted average number of common shares		82,841,812		82,559,822
Diluted EPS	$	(0.01)	$	(0.01)

The dilutive effect of unexercised stock options and restricted stock awards excludes 3,015,668 and 1,865,668 of options from the computation of EPS for the three month periods ended March 31, 2017 and 2016, respectively, because inclusion of the options would have been anti-dilutive.