11. INCOME PER SHARE

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

11. INCOME PER SHARE

11.           Income Per Share

We present both basic and diluted income per share on the face of our consolidated statements of operations. Basic and diluted income per share are calculated as follows:

	2015		2014
Net income	$	1,504,696	$	403,345
Weighted average common shares outstanding: Basic
Basic		13,173,827		13,169,991
Diluted		13,307,021		13,169,991
Net income per common share:
Basic and Diluted	$	0.11	$	0.03

Certain stock options whose terms and conditions are described in Note 12, “Stock Options” could potentially dilute basic EPS in the future, but were not included in the computation of diluted EPS because to do so would have been anti-dilutive.  Those anti-dilutive options are as follows.

	2015		2014
Anti-dilutive options		552,000		949,000

There were no preferred shares issued and outstanding during the years ended December 31, 2015 or 2014.