Quarterly report pursuant to Section 13 or 15(d)

Nature of Operations, Business Activities and Summary of Significant Accounting Policies (Tables)

v3.5.0.2
Nature of Operations, Business Activities and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Schedule of earnings per common share

 

 

Three Months

 

 

Three Months

 

 

Six Months

 

 

Six Months

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$ 573,093

 

 

$ (2,056,960 )

 

$ (1,112,354 )

 

$ (2,967,185 )

Weighted average shares of common stock outstanding - basic

 

 

19,913,163

 

 

 

16,265,663

 

 

 

19,909,042

 

 

 

16,248,597

 

Dilutive effect of common stock options and restricted stock awards

 

 

222,482

 

 

 

-

 

 

 

-

 

 

 

-

 

Weighted average shares of common stock outstanding - diluted

 

 

20,135,645

 

 

 

16,265,663

 

 

 

19,909,042

 

 

 

16,248,597

 

Basic earnings per share

 

$ 0.03

 

 

$ (0.13 )

 

$ (0.06 )

 

$ (0.18 )

Diluted earnings per share

 

$ 0.03

 

 

$ (0.13 )

 

$ (0.06 )

 

$ (0.18 )