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LOSS PER SHARE
 3 Months Ended
Mar. 31, 2017
LOSS PER SHARE [Abstract]  
LOSS PER SHARE
(4)
LOSS PER SHARE

The Company calculates earnings (loss) per share (“EPS”)  in accordance with ASC Topic 260.

  
Quarters Ended March 31,
 
  
2016
  
2017
 
  
Net Loss
  
Shares
  
Per Share
Amount
  
Net Loss
  
Shares
  
Per Share
Amount
 
                   
Basic EPS
 
$
(100,410
)
  
1,860,482
  
$
(0.05
)
 
$
(225,059
)
  
1,860,261
  
$
(0.12
)
                         
Effect of Dilutive Stock Options
  
-
   
-
   
-
   
-
   
-
   
-
 
                         
Diluted EPS
 
$
(100,410
)
  
1,860,482
  
$
(0.05
)
 
$
(225,059
)
  
1,860,261
  
$
(0.12
)

For the quarters ended March 31, 2017 and 2016, options to purchase 500,666 and 544,666 shares, respectively, of the Company’s common stock (“Common Stock”) were not included in the computation of diluted EPS because their effect was anti-dilutive.