Basic and Diluted Average Shares

3 Months Ended

Mar. 31, 2015

Basic and Diluted Average Shares [Abstract]

Basic and Diluted Average Shares

(5) Basic and Diluted Average Shares

A reconciliation of basic and diluted weighted average common shares for the three months ended March 31, 2015 and 2014, is as follows:

	For the Three Months Ended March 31,
	2015		2014
Basic weighted average shares		12,245,679		12,193,940
Effect of potential dilutive securities		-		-
Diluted  weighted average shares		12,245,679		12,193,940

For the three months ended March 31, 2015 and 2014, options to purchase 5,030,000 and 5,347,500 shares of common stock, respectively, were not added to the diluted average shares because inclusion of such shares would be antidilutive. For the three months ended March 31, 2015 and 2014, there were 72,600 and 84,000 unvested Restricted Stock Units (“RSUs”), respectively, not added to the diluted average shares because inclusion of such shares would be antidilutive.