Basic and Diluted Average Shares

12 Months Ended

Dec. 31, 2017

Note 7 – Basic and Diluted Average Shares

A reconciliation of basic and diluted average common shares is as follows:

	Year Ended December 31,
	2017		2016
Basic weighted average shares		26,918,371		13,214,835
Effect of potential dilutive securities		519,019		-
Diluted weighted average shares		27,437,390		13,214,835

For the years ended December 31, 2017 and 2016, there were 1,015,500 and 1,167,000 common stock options, warrants, and Restricted Stock Units (RSUs) unexercised respectively. On October 25, 2016, 5,000,000 stock option shares expired unexercised by a Related Entity at a price of $15 a share. For the Fiscal year 2016, the options, warrants and RSU’s were not added to the diluted average shares because inclusion of such shares would be antidilutive.