Earnings Per Share

3 Months Ended

Mar. 31, 2017

Note 6 - Earnings Per Share

A reconciliation of shares used in calculating basic and diluted per share data is as follows:

	Three Months Ended
	March 31,
	2017		2016

Basic weighted-average shares outstanding		9,066,034		8,760,000

Effect of dilutive securities:
Assumed issuance of shares from exercise of stock options (a)		-		-
Assumed issuance of shares from exercise of warrants (a)		-		45,938

Diluted weighted-average shares outstanding		9,066,034		8,805,938

(a) The additional shares from the exercise of stock options and warrants for the three months ended March 31, 2017 are anti-dilutive in nature, and as a result are excluded from the determination of diluted weighted-average shares outstanding.