12. INCOME PER SHARE

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

12. INCOME PER SHARE

12. 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:

	2016		2015
Net income (loss)	$	1,793,334	$	1,504,696
Weighted average common shares outstanding:
Basic		11,464,270		13,173,827
Diluted		11,635,136		13,307,021
Net income (loss) per common share:
Basic and Diluted	$	0.16	$	0.11

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.

	2016		2015
Anti-dilutive options		72,000		552,000

There were no preferred shares issued and outstanding during the years ended December 31, 2016 or 2015.