NET INCOME / (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

NET INCOME / (LOSS) PER SHARE

Basic net income per share is calculated by dividing the net income attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share also includes the weighted average number of outstanding warrants and options in the denominator. In the event of a loss, the diluted loss per share is the same as basic loss per share. The weighted average number of diluted shares of common stock outstanding for the three months ended September 30, 2014 included 8,194,812 shares of common stock, 183,281 shares of common stock issuable upon the exercise of outstanding common stock purchase warrants, and 220,000 shares of common stock issuable upon the exercise of outstanding options to purchase common stock. The following table represents the computation of basic and diluted income and (losses) per share for the three months ended September 30, 2014 and 2013.

	September 30, 2014		September 30, 2013
Income / (Losses) available for common shareholders	$	564,079	$	485,591
Basic weighted average common shares outstanding		8,194,812		7,786,366
Basic income / (loss) per share	$	0.07	$	0.06
Diluted weighted average common shares outstanding		8,598,093		9,065,758
Diluted income / (loss) per share	$	0.07	$	0.05

    Net income / (loss) per share is based upon the weighted average shares of common stock outstanding.