10. EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

Income Per Share

10. EARNINGS PER SHARE

NOTE 10 EARNINGS PER SHARE:

Basic earnings per share computations are based on the weighted average number of shares outstanding during each period. Dilutive earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued relate to outstanding options and common stock warrants are determined by the Treasury method. For the three-months ended March 31, 2016 and 2015, potential common shares of 882,353 and 1,539,877, respectively, were anti-dilutive and were not included in the calculation. Basic and diluted net income per common share calculations follows:

(Amounts in Thousands, Except Share and Per Share Data)	For the three months ended March 31,
	2016		2015
Net income	$	698	$	622
Weighted average shares outstanding		23,354,082		22,878,654
Dilutive shares for stock options and warrants		—		—
Weighted average dilutive shares outstanding		23,354,082		22,878,654
Basic income per share	$	0.03	$	0.03
Diluted income per share	$	0.03	$	0.03