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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Potentially Dilutive Securities

The potentially dilutive securities are as follows:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Service Period Stock Options

 

 

2,263,098

 

 

 

1,980,651

 

 

 

2,130,200

 

 

 

2,000,929

 

Restricted Stock Units

 

 

102,904

 

 

 

 

 

 

54,154

 

 

 

 

Warrants

 

 

61,117

 

 

 

61,117

 

 

 

61,117

 

 

 

61,117

 

Total

 

 

2,427,119

 

 

 

2,041,768

 

 

 

2,245,471

 

 

 

2,062,046

 

 

Calculation of Basic and Diluted Net Income/(Loss) Per Share of Common Stock

For the three months ended September 30, 2016, diluted net income/(loss) per share of common stock is calculated as follows:

 

 

 

Three Months Ended

 

 

 

September 30,

 

 

 

2016

 

Net Income Attributable to Common Stockholders

 

$

620,731

 

 

 

 

 

 

Weighted Average Common Shares Outstanding, Basic

 

 

33,717,676

 

Dilutive Effect of Stock-Based Awards:

 

 

 

 

Service Period Stock Options

 

 

381,953

 

Restricted Stock Units

 

 

49,283

 

Warrants

 

 

22,124

 

Weighted Average Common Shares Outstanding, Diluted

 

 

34,171,036

 

 

 

 

 

 

Basic Earnings per Share

 

$

0.02

 

Diluted Earnings per Share

 

$

0.02