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Net Loss Per Common Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Net Income Per Common Share
NET INCOME (LOSS) PER COMMON SHARE

Basic earnings per common share exclude all common stock equivalents, 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 of the Company.  Outstanding options are excluded from the diluted earnings per share calculation where they would have an anti-dilutive effect. There were no excluded options for the three months ended March 31, 2017 and 63,688 excluded for the three months ended March 31, 2016.

 
Three Months Ended March 31,
 
2017
 
2016
Basic income (loss) per share
 
 
 
 
 
 
 
Net income (loss)
$
857,201

 
$
(89,777
)
 
 
 
 
Weighted average shares outstanding
5,008,908

 
4,919,548

 
 
 
 
Basic income (loss) per share
$
0.17

 
$
(0.02
)
 
 
 
 
Diluted income (loss) per share
 
 
 
 
 
 
 
Net income (loss)
$
857,201

 
$
(89,777
)
 
 
 
 
  Weighted average shares outstanding
5,008,908

 
4,919,548

    Dilutive effect of stock options and restricted stock
42,940

 
—

 
 
 
 
  Total weighted average shares outstanding
5,051,848

 
4,919,548

 
 
 
 
    Diluted income (loss) per share
$
0.17

 
$
(0.02
)