Earnings (Loss) Per Common Share (EPS)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings (Loss) Per Common Share (EPS)

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

	THREE MONTHS ENDED					NINE MONTHS ENDED
	SEPTEMBER 30,					SEPTEMBER 30,
	2019		2018			2019		2018
	(Unaudited)
Basic Earnings (Loss) Per Share Computation:
Net income (loss)	$	183,710	$	(110,011	)	$	260,050	$	(1,044,355	)
Weighted average number of common shares		84,234,354		83,177,804			84,014,053		83,100,832
Basic Earnings (Loss) Per Share	$	0.00	$	(0.00	)	$	0.00	$	(0.01	)
Diluted Earnings (Loss) Per Share Computation:
Net income (loss)	$	183,710	$	(110,011	)	$	260,050	$	(1,044,355	)
Weighted average number of common shares		84,234,354		83,177,804			84,014,053		83,100,832
Incremental shares from assumed conversions
of stock options		37,471		-			37,471		-
Adjusted weighted average number of
common shares		84,271,825		83,177,804			84,051,524		83,100,832
Diluted Earnings (Loss) Per Share	$	0.00	$	(0.00	)	$	0.00	$	(0.01	)

Unexercised stock options and restricted stock awards of 4,438,334 for the three and nine month periods ended September 30, 2018, have been excluded from the computation of loss per share because inclusion of these securities would have been anti-dilutive.