NET INCOME / (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2015

NET INCOME (LOSS) PER SHARE:

NET INCOME / (LOSS) PER SHARE

Basic income per share is calculated by dividing net income attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted income per share is calculated by dividing net income attributable to common stockholders by the weighted average fully diluted number of shares of common stock outstanding during the period. For the year ended December 31, 2015, the following potential shares of common stock were excluded in the number of shares of common stock outstanding for the calculation of diluted income per share. For the year ended December 31, 2014, the following potential shares of common stock were included in the number of the shares of common stock outstanding for the calculation of diluted income per share.

	December 31,
	2015		2014
Warrants		98,742		188,391
Options		614,607		208,778
Preferred Stock (as converted)		-		-
Total		713,349		397,169

The following table represents the computation of basic and diluted losses per share at December 31, 2015 and 2014:

	December 31,		December 31,
	2015		2014
Net income (losses) available for common shareholders		(1,165,940)		1,673,602
Basic weighted average common shares outstanding		8,677,433		8,180,428
Basic income (loss) per share		(0.13)		0.20
Diluted weighted average common shares outstanding		8,677,433		8,577,597
Diluted income (loss) per share		(0.13)		0.20

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