Net Loss Per Common Share

9 Months Ended

Sep. 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 restricted stock awards, 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    September 30,
	2017		2016
Basic income per share
Net income	$	748,254	$	1,691,307
Weighted average shares outstanding	5,054,148		4,924,366
Basic income per share	$	0.15	$	0.34
Diluted income per share
Net income	$	748,254	$	1,691,307
Weighted average shares outstanding	5,054,148		4,924,366
Dilutive effect of stock options and restricted stock	45,239		40,599
Total weighted average shares outstanding	5,099,387		4,964,965
Diluted income per share	$	0.15	$	0.34

	Nine Months Ended   September 30,
	2017		2016
Basic income per share
Net income	$	2,317,107	$	2,020,455
Weighted average shares outstanding	5,036,102		4,924,366
Basic income per share	$	0.46	$	0.41
Diluted income per share
Net income	$	2,317,107	$	2,020,455
Weighted average shares outstanding	5,036,102		4,924,366
Dilutive effect of stock options and restricted stock	39,097		34,107
Total weighted average shares outstanding	5,075,199		4,958,473
Diluted income per share	$	0.46	$	0.41