NOTE 3 - NET INCOME PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The Company’s basic income per common share is based on net income for the relevant period, divided by the weighted average number of common shares outstanding during the period. Diluted income per common share is based on net income, divided by the weighted average number of common shares outstanding during the period, including common share equivalents, such as outstanding option and warrants to the extent they are dilutive. The computation of diluted income per share for the three and nine months ended September 30, 2016 and September 30, 2015 does not include share equivalents as all warrants and options exceeded the average market price of our common stock. Convertible debt is included below, based on the if-converted method.

	Three Months Ended		Three Months Ended
	September 30, 2016		September 30, 2015
Basic net income per share computation:
Net income	$	2,751,406	$	16,464
Weighted-average common shares outstanding		4,410,736		4,407,231
Basic net income per share	$	0.62	$	0.00
Diluted net income per share computation:
Net income	$	2,751,406	$	16,464
Weighted-average common shares outstanding		4,477,403		4,407,231
Total adjusted weighted-average shares		4,477,403		4,407,231
Diluted net income per share	$	0.61	$	0.00

	Nine Months Ended		Nine Months Ended
	September 30, 2016		September 30, 2015
Basic net income per share computation:
Net income	$	3,372,803	$	582,232
Weighted-average common shares outstanding		4,410,736		4,265,065
Basic net income per share	$	0.76	$	0.14
Diluted net income per share computation:
Net income	$	3,372,803	$	582,232
Weighted-average common shares outstanding		4,477,403		4,265,065
Total adjusted weighted-average shares		4,477,403		4,265,065
Diluted net income per share	$	0.75	$	0.14

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

The following table summarizes securities that, if exercised, would have an anti-dilutive effect on earnings per share.

	Three Months September 30, 2016		Three Months September 30, 2015
Stock options		143,576		162,409
Warrants		203,253		203,253
Total potential dilutive securities not included in income per share		346,829		365,662

	Nine Months September 30, 2016		Nine Months September 30, 2015
Stock options		143,576		162,409
Warrants		203,253		203,253
Total potential dilutive securities not included in income per share		346,829		365,662