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Earnings Per Common Share (EPS)
6 Months Ended
Jun. 30, 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
 
SIX MONTHS ENDED
 
 
 
JUNE 30,
 
JUNE 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
(Unaudited)
 
Basic EPS Computation:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(1,300,175)
 
$
(896,930)
 
$
(2,454,392)
 
$
(1,556,440)
 
Weighted average number of common shares
 
 
82,845,449
 
 
82,730,134
 
 
82,843,631
 
 
82,644,978
 
Basic EPS
 
$
(0.02)
 
$
(0.01)
 
$
(0.03)
 
$
(0.02)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS Computation:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(1,300,175)
 
$
(896,930)
 
$
(2,454,392)
 
$
(1,556,440)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares
 
 
82,845,449
 
 
82,730,134
 
 
82,843,631
 
 
82,644,978
 
Incremental shares from assumed conversions of stock options
 
 
-
 
 
-
 
 
-
 
 
-
 
Adjusted weighted average number of common shares
 
 
82,845,449
 
 
82,730,134
 
 
82,843,631
 
 
82,644,978
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS
 
$
(0.02)
 
$
(0.01)
 
$
(0.03)
 
$
(0.02)
 
 
The dilutive effect of unexercised stock options and restricted stock awards excludes 2,012,334 and 2,190,668 of options from the computation of EPS for the three and six month periods ended June 30, 2017 and 2016, respectively, because inclusion of the options would have been anti-dilutive.