Earnings (loss) per Share

Basic earnings (loss) per share (EPS) were computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted EPS differs from basic EPS due to the assumed conversion of potentially dilutive options that were outstanding during the period. The following is a reconciliation of the numerators and the denominators of the basic and diluted per share computations for net income (loss).



	2017			2016
Numerator:
Numerator for basic and diluted earnings per share, net (loss) available to common shareholders	$	(3,008,785	)	$	(1,196,642	)
Denominator:
Denominator for basic earnings per share, weighted average shares outstanding	8,995,883			7,838,197
Effect of dilutive securities-stock options and restricted awards	—			—
Denominator for diluted earnings per share, adjusted weighted average shares and assumed conversion	8,995,883			7,838,197
Basic (loss) per common share	$	(0.33	)	$	(0.15	)
Diluted (loss) per common share and common share equivalent	$	(0.33	)	$	(0.15	)

The awards and options to purchase shares of common stock that were outstanding at December 31, 2017 and 2016 that were not included in the computation of diluted earnings (loss) per share because the effect would have been anti-dilutive, are as follows:

Year Ended
December 31,

Anti-dilutive awards and options