PER SHARE RESULTS

3 Months Ended

Mar. 31, 2015

Basic and diluted net income per share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each period. Diluted net income per share reflects the potential dilution that could occur if common stock options and warrants were exercised, resulting in the issuance of common stock that then shared in the net income of the Company.

Basic and diluted net income per share have been computed based upon net income available to common shareholders as presented in the accompanying consolidated statements of operations divided by the weighted average number of common shares outstanding or assumed to be outstanding as summarized below.



	Three months ended March 31,
	2015	2014

Weighted average number of common shares	31,606,909	9,219,406
Effect of dilutive stock options and warrants	2,019	—
Weighted average number of common shares and dilutive potential common shares	31,608,928	9,219,406

Anti-dilutive stock options	45,538	—
Anti-dilutive stock warrants	91,178	—

- Definition

The entire disclosure for earnings per share.

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