PER SHARE RESULTS

9 Months Ended

Sep. 30, 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 September 30,		Nine months ended September 30,
	2015	2014	2015	2014

Weighted average number of common shares	31,608,909	31,597,659	31,608,287	16,760,777
Effect of dilutive stock options and warrants	77,241	4,533	39,579	1,527
Weighted average number of common shares and dilutive potential common shares	31,686,150	31,602,192	31,647,866	16,762,304

Anti-dilutive stock options	33,695	51,247	34,695	17,270
Anti-dilutive stock warrants	91,178	91,178	91,178	30,727