Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.5.0.2
Earnings Per Share
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
9. EARNINGS PER SHARE

 

The following table sets forth the composition of the weighted average shares (denominator) used in the basic and dilutive earnings per share computation for the three and nine months ended September 30, 2016.

 

      Three Months Ended September 30, 2016     Three 
Months 
Ended September 30, 
2015
    Nine 
Months Ended September 30, 2016
    Nine 
Months  Ended September 30,  2015
 
  Net Income (Loss)   $ 10,844     $ (145,411 )   $ (211,682 )   $ (121,924 )
                                   
  Weighted average share outstanding basic                                
  Effect of dilutive common stock equivalents     10,584,262       6,563,271       10,584,262       6,563,271  
  Adjusted weighted average shares outstanding- 
dilutive
    10,584,262       6,563,271       10,584,262       6,563,271  
  Basic loss per share     .001       (.02 )     (.02 )     (.02 )
  Dilutive loss per share     .001       (.02 )     (.02 )     (.02 )

  

The effective of the 1,872,000 stock option and the 4,084,229 of warrants outstanding as of September 30, 2016 is antidilutive and therefore not presented in the above table.