Basic and Diluted Average Shares

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2015 and 2014, is as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2015		2014		2015		2014
Basic weighted average shares		12,262,741		12,210,397		12,254,257		12,202,214
Effect of potential dilutive securities		–		–		–		–
Diluted  weighted average shares		12,262,741		12,210,397		12,254,257		12,202,214

For the three and six months ended June 30, 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 and six months ended June 30, 2015 and 2014, there were 30,000 and 46,500 unvested Restricted Stock Units (“RSUs”), respectively, not added to the diluted average shares because inclusion of such shares would be antidilutive.