Net Loss Per Common Share

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Net Income Per Common Share

NET INCOME 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 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.

	Three Months Ended    June 30,
	2017		2016
Basic income per share
Net income	$	711,653	$	418,924
Weighted average shares outstanding	5,044,752		4,919,548
Basic income per share	$	0.14	$	0.09
Diluted income per share
Net income	$	711,653	$	418,924
Weighted average shares outstanding	5,044,752		4,919,548
Dilutive effect of stock options and restricted stock	49,784		47,511
Total weighted average shares outstanding	5,094,536		4,967,059
Diluted income per share	$	0.14	$	0.08