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Net Income Per Common Share
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Net Income Per Common Share
NET LOSS PER COMMON SHARE

Basic earnings per common share exclude all dilutive stock options and are computed using the weighted average number of common shares outstanding during the period. The diluted earnings per common share calculation reflect the potential dilutive effect of securities that could share in earnings of an entity.  Outstanding options were excluded from the diluted earnings per share calculation because they would have an anti-dilutive effect were 81,166 for the three months ended March 31, 2015 and 364,599 for the three months ended March 31, 2014.

 
Three Months Ended March 31,
 
2015
 
2014
Basic loss per share
 
 
 
 
 
 
 
Loss available to common shareholders
$
(524,369
)
 
$
(328,536
)
 
 
 
 
Weighted average shares outstanding
4,891,815

 
4,881,548

 
 
 
 
Basic loss per share
$
(0.11
)
 
$
(0.07
)
 
 
 
 
Diluted loss per share
 
 
 
 
 
 
 
Loss available to common shareholders
$
(524,369
)
 
$
(328,536
)
 
 
 
 
Weighted average shares outstanding
4,891,815

 
4,881,548

Dilutive effect of stock options

 

 
 
 
 
Total weighted average shares outstanding
4,891,815

 
4,881,548

 
 
 
 
Diluted loss per share
$
(0.11
)
 
$
(0.07
)