Earnings per share

12 Months Ended

Dec. 31, 2013

Earnings per share [Abstract]

Earnings per share

Note 13 – Earnings per share:

Basic earnings per share is calculated by dividing net income attributable to Ocean-Bio Chem, Inc. by the weighted average number of shares outstanding during the reporting period.  Diluted earnings per share reflect additional dilution from potential common stock issuable upon the exercise of outstanding stock options.  The following table sets forth the computation of basic and diluted earnings per common share, as well as a reconciliation of the weighted average number of common shares outstanding to the weighted average number of shares outstanding on a diluted basis.

	Year Ended December 31,
	2013		2012
Earnings per common share –Basic
Net income attributable to OBCI	$	1,460,992	$	1,962,288
Weighted average number of common shares outstanding		8,542,686		8,229,720
Earnings per common share – Basic	$	0.17	$	0.24
Earnings per common share – Diluted
Net income attributable to OBCI	$	1,460,992	$	1,962,288
Weighted average number of common shares outstanding		8,542,686		8,229,720
Effect of employee stock-based awards		244,982		326,387
Weighted average number of common shares outstanding - assuming dilution		8,787,668		8,556,107
Earnings per common share - Diluted	$	0.17	$	0.23

The Company had no stock options outstanding at December 31, 2013 and 2012, respectively, that were anti-dilutive and therefore not included in the diluted earnings per common share calculation.