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1. Organization and Summary of Significant Accounting Policies: Earnings Per Share (Policies)
12 Months Ended
Dec. 31, 2016
Policies  
Earnings Per Share

Earnings Per Share

 

The Company is required to have dual presentation of basic earnings per share (“EPS”) and diluted EPS.  Basic EPS is computed as net income (loss) divided by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated based on the weighted average number of common shares outstanding during the period plus the effect of potentially dilutive common stock equivalents.

 

Potentially dilutive common stock equivalents consist of 220,000 and 185,000 stock options outstanding as of December 31, 2016 and 2015, respectively. As of December 31, 2016 and 2015, the potentially dilutive stock options were not included in the calculation of the diluted weighted average number of shares outstanding or diluted EPS as their effect would have been anti-dilutive.