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Loss Per Common Share (EPS)
6 Months Ended
Jun. 30, 2018
Earnings Per Common Share (EPS) [Abstract]  
Earnings Per Share [Text Block]
13.
Loss Per Common Share (EPS)
 
The computations of basic and diluted loss per share were as follows for the periods presented below:
 
 
 
THREE MONTHS ENDED
 
 
SIX MONTHS ENDED
 
 
 
JUNE 30,
 
 
JUNE 30,
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
 
 
(Unaudited)
 
Basic Loss Per Share Computation:
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(472,171
)
 
$
(1,300,175
)
 
$
(934,344
)
 
$
(2,454,392
)
Weighted average number of common shares
 
 
83,081,597
 
 
 
82,845,449
 
 
 
83,061,707
 
 
 
82,843,631
 
Basic Loss Per Share
 
$
(0.01
)
 
$
(0.02
)
 
$
(0.01
)
 
$
(0.03
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted Loss Per Share Computation:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(472,171
)
 
$
(1,300,175
)
 
$
(934,344
)
 
$
(2,454,392
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares
 
 
83,081,597
 
 
 
82,845,449
 
 
 
83,061,707
 
 
 
82,843,631
 
Incremental shares from assumed conversions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
of stock options
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Adjusted weighted average number of
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
common shares
 
 
83,081,597
 
 
 
82,845,449
 
 
 
83,061,707
 
 
 
82,843,631
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted Loss Per Share
 
$
(0.01
)
 
$
(0.02
)
 
$
(0.01
)
 
$
(0.03
)
 
The dilutive effect of unexercised stock options and restricted stock awards excludes 5,044,185 and 2,012,334 of options from the computation of loss per share for the three and six month periods ended June 30, 2018 and 2017, respectively, because inclusion of the options would have been anti-dilutive.