NET INCOME / (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2015

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, 2015 included 8,069,900 shares of common stock, 61,359 shares of common stock issuable upon the exercise of outstanding common stock purchase warrants, and 590,000 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, 2015 and 2014.

	September 30, 2015		September 30, 2014
Income / (Losses) available for common shareholders	$	383,258	$	564,079
Basic weighted average common shares outstanding		8,069,900		8,194,812
Basic income / (loss) per share	$	0.05	$	0.07
Diluted weighted average common shares outstanding		8,721,259		8,598,093
Diluted income / (loss) per share	$	0.04	$	0.07

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