Earnings Per Common Share (EPS)

3 Months Ended

Mar. 31, 2018

Earnings Per Common Share (EPS) [Abstract]

Earnings Per Share [Text Block]

13. Earnings Per Common Share (EPS)

The computations of basic and diluted loss per share were as follows for the periods presented below:

	THREE MONTHS ENDED
	MARCH 31,
	2018		2017
	(Unaudited)
Basic Loss Per Share Computation:
Net loss	$	(462,173)	$	(1,154,217)
Weighted average number of common shares		83,041,597		82,841,812
Basic loss per share	$	(0.01)	$	(0.01)
Diluted Loss Per Share Computation:
Net loss	$	(462,173)	$	(1,154,217)
Weighted average number of common shares		83,041,597		82,841,812
Incremental shares from assumed conversions of stock options		-		-
Adjusted weighted average number of common shares		83,041,597		82,841,812
Diluted loss per share	$	(0.01)	$	(0.01)

The dilutive effect of unexercised stock options and restricted stock awards excludes 5,104,185 and 3,015,668 of options from the computation of loss per share for the three month periods ended March 31, 2018 and 2017, respectively, because inclusion of the options would have been anti-dilutive.