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Basic and Diluted Net Income per Share (Tables)
3 Months Ended
Mar. 31, 2015
Basic and Diluted Net Income per Share  
Schedule of computation of basic and diluted net income per share

 

 

 

 

Three Months Ended March 31,

 

 

 

2015

 

2014

 

 

 

(unaudited)

 

Net income

 

$

1,487,495 

 

$

523,367 

 

Weighted-average shares outstanding — Basic

 

10,906,224 

 

7,000,000 

 

Effect of dilutive securities:

 

 

 

 

 

Underwriters’ warrants

 

90,612 

 

 

Preferred stock

 

 

1,400,000 

 

Stock options

 

981,123 

 

459,015 

 

Weighted-average shares outstanding — Diluted

 

11,977,959 

 

8,859,015 

 

Basic net income per share

 

$

0.14 

 

$

0.07 

 

Diluted net income per share

 

$

0.12 

 

$

0.06 

 

 

Schedule of stock options to purchase shares of common stock excluded from the calculation of diluted net income per share

 

 

 

 

Three Months Ended
March 31,

 

 

 

2015

 

2014

 

 

 

(unaudited)

 

Anti-dilutive stock options

 

215,000 

 

586,509