9.	*Earnings Per Common Share*

Basic earnings per common share is computed based upon the weighted average number of common shares outstanding during the period. Diluted earnings per common share is based upon the increased number of common shares that would be outstanding assuming the exercise of dilutive common share options and the consideration of restricted stock awards. The following table details the computation of earnings per common share, basic and diluted:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2017		2016		2017		2016

Numerator:
Net income for basic calculation	$	397,643	$	940,836	$	932,385	$	2,544,961
Adjustments to net income for the impact of dilutive securities		—		—		—		—

Net income for dilution calculation	$	397,643	$	940,836	$	932,385	$	2,544,961


Denominator:
Weighted average common shares – basic		11,514,123		11,321,711		11,480,900		11,302,731
Effect of dilutive securities:
RSUs		122,705		142,094		115,458		146,490
Stock options		140,189		317,066		166,447		312,989

Weighted average common shares – diluted		11,777,017		11,780,871		11,762,805		11,762,210


Net income per common share:
Basic	$	0.03	$	0.08	$	0.08	$	0.23

Diluted	$	0.03	$	0.08	$	0.08	$	0.22

Potentially dilutive securities include all stock based awards. For the three and six months ended June 30, 2017 and 2016, certain equity awards were antidilutive.