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Net Income (Loss) Per Common Share - Basic and Diluted
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share - Basic and Diluted
Net Income (Loss) Per Common Share – Basic and Diluted.
 
Basic net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding during the period.  Diluted net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock and common stock equivalents outstanding during the period.  Common stock equivalents were not considered in calculating diluted net loss per common share for the years ended December 31, 2015 and 2014 as their effect would be anti-dilutive. The computation of the Company’s basic and diluted earnings per share for the years ended:
 
 
 
2015
 
2014
Net loss available to common shareholders (A)
 
$
(576,881
)
 
$
(3,660,949
)
Weighted average common shares outstanding (B)
 
121,283,432

 
115,359,714

Dilutive effect of employee equity incentive plans
 
—

 
880,000

Weighted average common shares outstanding, assuming dilution (C)
 
121,283,432

 
116,239,714

Basic earnings per common share (A)/(B)
 
$
(0.00
)
 
$
(0.03
)
Diluted earnings per common share (A)/(C)
 
$
(0.00
)
 
$
(0.03
)

 
For 2015, a total of 5,017,500 shares of common stock were excluded from the calculation of diluted earnings per common share, of which all 5,017,500 shares were for outstanding, vested and exercisable stock options that had an exercise price greater than the market value of the common share as of the period then ended (out-of-the-money"). For 2014, a total of 4,140,000 shares of common stock were excluded from the calculation of diluted earnings per common share, of which: (a) 3,260,000 shares were for outstanding, vested and exercisable stock options that were out-of-the-money, and (b) 880,000 shares were for outstanding, vested and exercisable stock options that had an exercise price equal to or lesser than the market value of the common share as of the period then ended (“in-the-money”). Outstanding, vested and exercisable out-of-the money stock options could be included in the calculation in the future if the market value of the Company’s common shares increases and is greater than the exercise price, and outstanding, vested and exercisable in-the-money stock options could be included in the calculation in the future if the Company reports a profit.