Earnings Per Share Applicable to Common Stockholders

6 Months Ended

Jul. 02, 2016

Loss Per Share Applicable To Common Stockholders

Earnings Per Share Applicable to Common Stockholders

The following table sets forth the computations of earnings per share amounts applicable to common stockholders for the three and six months ended July 2, 2016 and July 4, 2015:

	Three Months Ended						Six Months Ended
	July 2, 2016			July 4, 2015			July 2, 2016		July 4, 2015
Net income (loss)	$	(82,667	)	$	(315,192	)	$	172,958	$	(1,340,707	)
Basic weighted average common shares outstanding (1):		36,990,032			35,803,298			36,702,037		35,768,082
Basic earnings (loss) per common share	$	(0.00	)	$	(0.01	)	$	0.00	$	(0.04	)
Dilutive effect of stock options, net		—			—			726,879		—
Dilutive effect of warrants, net		—			—			41,750		—
Diluted weighted average common shares outstanding :		36,990,032			35,803,298			37,470,666		35,768,082
Diluted earnings (loss) per common share	$	(0.00	)	$	(0.01	)	$	0.00	$	(0.04	)
Potentially dilutive securities, total (2):
Stock options		5,126,943			4,706,705			4,400,064		4,706,705
Warrants		487,111			156,340			445,361		156,340
Convertible debt		—			257,798			—		257,798

(1)	Includes 369,220 and 410,161 weighted average nonvested shares of restricted stock for the three months ended July 2, 2016 and July 4, 2015, respectively, and 370,923 and 464,095 weighted average nonvested shares or restricted stock for the six months ended July 2, 2016 and July 4, 2015, respectively, which are participating securities that feature voting and dividend rights.
(2)	Excluded from the computation of diluted loss per share for the three months ended July 2, 2016, and the three and six months ended July 4, 2015 as their impact is antidilutive.