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Net Loss Per Common Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Net Income Per Common Share
NET INCOME (LOSS) PER COMMON SHARE

Basic earnings (loss) per common share exclude all common stock equivalent, primarily stock options, and is computed using the weighted average number of common shares outstanding during the period. The diluted earnings (loss) per common share calculation reflects the potential dilutive effect of securities that could share in earnings (loss) of the Company.  Outstanding options are excluded from the diluted earnings per share calculation where they would have an anti-dilutive effect.

 
Three Months Ended June 30,
 
2016
 
2015
Basic income per share
 
 
 
 
 
 
 
Income available to common shareholders
$
418,924

 
$
244,857

 
 
 
 
Weighted average shares outstanding
4,919,548

 
4,892,686

 
 
 
 
Basic income per share
$
0.09

 
$
0.05

 
 
 
 
Diluted income per share
 
 
 
 
 
 
 
Income available to common shareholders
$
418,924

 
$
244,857

 
 
 
 
  Weighted average shares outstanding
4,919,548

 
4,892,686

    Dilutive effect of stock options
47,511

 
45,548

 
 
 
 
  Total weighted average shares outstanding
4,967,059

 
4,938,234

 
 
 
 
    Diluted income per share
$
0.08

 
$
0.05

 
 
 
 

 
Six Months Ended June 30,
 
2016
 
2015
Basic income (loss) per share
 
 
 
 
 
 
 
Income (loss) available to common shareholders
$
329,148

 
$
(279,512
)
 
 
 
 
Weighted average shares outstanding
4,919,548

 
4,892,686

 
 
 
 
Basic income (loss) per share
$
0.07

 
$
(0.06
)
 
 
 
 
Diluted income (loss) per share
 
 
 
 
 
 
 
Income (loss) available to common shareholders
$
329,148

 
$
(279,512
)
 
 
 
 
  Weighted average shares outstanding
4,919,548

 
4,892,686

    Dilutive effect of stock options
51,221

 
—

 
 
 
 
  Total weighted average shares outstanding
4,970,769

 
4,892,686

 
 
 
 
    Diluted income (loss) per share
$
0.07

 
$
(0.06
)