Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Net income (loss) per share

Schedule of Computation of Net Income Per Share

Computation of net loss per share is as follows:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2016		2015			2016		2015
Net income (loss)	$	9,073,297	$	(1,866,651	)	$	8,363,199	$	(3,036,688	)
Basic weighted average common shares outstanding		7,625,833		5,871,445			7,439,152		5,664,090
Add incremental shares for:
Warrants		-		-			-		-
Stock options		10,748		-			10,604		-
Diluted weighted average common shares outstanding		7,636,581		5,871,445			7,449,756		5,664,090
Net loss per share:
Basic	$	1.19	$	(0.32	)	$	1.12	$	(0.54	)
Diluted	$	1.19	$	(0.32	)	$	1.12	$	(0.54	)

For the three and six months ended June 30, 2015, 984,490 stock options and 170,973 warrants were excluded from diluted net loss per share, because the effect of including these potential shares was anti-dilutive.