2. Earnings per Share ("EPS")

Basic earnings (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding. The computation of diluted earnings (loss) per share is similar to the computation of basic earnings (loss) per share except that the denominator is increased to include the average number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. In addition, the numerator is adjusted for any changes in net income (loss) that would result from the assumed conversions of those potential shares.

The following table presents the calculation of both basic and diluted EPS:



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Income (loss) from continuing operations	$	(511,453)	$	62,113	$	(809,890)	$	(322,035)
Net income (loss) available to common shareholders	$	(511,453)	$	62,113	$	(809,890)	$	(322,035)
Basic EPS:
Weighted average common shares outstanding		2,820,999		2,816,639		2,819,915		2,816,392
Earnings (loss) per share - basic
Continuing operations	$	(0.18)	$	0.02	$	(0.29)	$	(0.11)
Consolidated basic EPS	$	(0.18)	$	0.02	$	(0.29)	$	(0.11)
Diluted EPS:
Weighted average common shares outstanding		2,820,999		2,816,639		2,819,915		2,816,392
Assumed conversion of net common shares issuable under stock option plans		—		70,981		—		—
Assumed conversion of net common shares issuable under warrants		—		12,873		—		—
Weighted average common and common equivalent shares outstanding, diluted		2,820,999		2,900,493		2,819,915		2,816,392
Earnings (loss) per share - diluted
Continuing operations	$	(0.18)	$	0.02	$	(0.29)	$	(0.11)
Consolidated diluted EPS	$	(0.18)	$	0.02	$	(0.29)	$	(0.11)