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LOSS PER SHARE
 9 Months Ended
Sep. 30, 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 September 30,
 
  
2016
  
2017
 
  
Net Loss
  
Shares
  
Per Share
Amount
  
Net Loss
  
Shares
  
Per Share
Amount
 
                   
Basic EPS
 
$
(516,516
)
  
1,860,261
  
$
(0.28
)
 
$
(557,565
)
  
1,872,761
  
$
(0.30
)
                         
Effect of Dilutive Stock Options
  
-
   
-
   
-
   
-
   
-
   
-
 
                         
Diluted EPS
 
$
(516,516
)
  
1,860,261
  
$
(0.28
)
 
$
(557,565
)
  
1,872,761
  
$
(0.30
)

For the quarters ended September 30, 2017 and 2016, options to purchase 542,999 and 509,000 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.
 
  
Nine Months Ended September 30,
 
  
2016
  
2017
 
  
Net Loss
  
Shares
  
Per Share
Amount
  
Net Loss
  
Shares
  
Per Share
Amount
 
                   
Basic EPS
 
$
(847,354
)
  
1,860,334
  
$
(0.46
)
 
$
(1,683,897
)
  
1,866,580
  
$
(0.90
)
                         
Effect of Dilutive Stock Options
  
-
   
-
   
-
   
-
   
-
   
-
 
                         
Diluted EPS
 
$
(847,354
)
  
1,860,334
  
$
(0.46
)
 
$
(1,683,897
)
  
1,866,580
  
$
(0.90
)

For the nine months ended September 30, 2017 and 2016, options to purchase 542,999 and 509,000 shares, respectively, of Common Stock were not included in the computation of diluted EPS because their effect was anti-dilutive.