WEIGHTED AVERAGE COMMON SHARES

3 Months Ended

Mar. 31, 2019

WEIGHTED AVERAGE COMMON SHARES [Abstract]

2.	WEIGHTED AVERAGE COMMON SHARES

The weighted average number of common shares used to compute basic and diluted loss per share for the three months ended March 31, 2019 and 2018 was as follows:

	Three Months Ended March 31,
	2019		2018
Basic shares outstanding		24,534,207		24,137,577
Dilutive effect of stock options		-		-
Diluted shares outstanding		24,534,207		24,137,577

For the three months ended March 31, 2019 and 2018, options to acquire 175,675 and 127,973 shares were excluded from the above table because the Company reported a net loss for each period and, therefore, their impact on reported loss per share would have been antidilutive. For the three months ended March 31, 2019 and 2018, options to acquire 139,000 and 147,667 shares, respectively, were excluded from the above table because they have an exercise price that is greater than the average market price of the Company’s common stock and, therefore, their impact on reported loss per share would have been antidilutive.