10. Net income (loss) per common share (Tables)

6 Months Ended

Jun. 30, 2016

Net Income Loss Per Common Share Tables

Basic and diluted earnings per share

For the three months ended June 30, 2016 the computation of basic and diluted earnings per share is as follows:

		Income	Number of shares		Per share amount
Net income	$	68,920
Basic earnings per share		68,920	47,991,602	$	0.00
Effect of dilutive securities
Warrants		-	1,200,950
Options		-	-
Diluted earnings per share	$	68,920	49,192,552	$	0.00

For the six months ended June 30, 2016 the computation of basic and diluted earnings per share is as follows:

		Income	Number of shares		Per share amount
Net income	$	212,414
Basic earnings per share		212,414	47,865,229	$	0.00
Effect of dilutive securities
Warrants		-	1,200,950
Options		-	-
Diluted earnings per share	$	212,414	49,066,179	$	0.00

Anti dilutive net loss per share

		Three months and six months ended June 30, 2015
Options to purchase shares of common stock	$	480,000
Warrants to purchase shares of common stock		6,300,000
Outstanding at June 30, 2015	$	6,780,000