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Net Income Per Common Share
12 Months Ended
Dec. 31, 2015
Net Income Per Common Share [Abstract]  
Net Income Per Common Share

NOTE 15- NET INCOME PER COMMON SHARE

 

The calculation of net income per common share for the years ended December 31, 2015 and 2014 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

    

2014

Basic earnings per share:

 

 

 

 

 

 

Net income

 

$

1,930,765

 

$

3,032,708

Weighted average shares outstanding

 

 

11,040,159

 

 

10,370,795

Basic net income per share

 

$

0.17

 

$

0.29

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

Net income

 

$

1,930,765

 

$

3,032,708

Weighted average shares outstanding

 

 

11,040,159

 

 

10,370,795

Dilutive potential shares

 

 

137,974

 

 

194,541

Total diluted average shares outstanding

 

 

11,178,133

 

 

10,565,336

Total diluted net income per share

 

$

0.17

 

$

0.29

 

 

 

 

 

 

 

Anti-dilutive shares

 

 

264,362

 

 

292,939