Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
10. 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 years ended December 31, 2016 and 2015.

 

      Year Ended     Year Ended  
      December 31,
2016
    December 31, 2015  
               
  Net (Loss)   $ (431,244 )   $ (528,756 )
                   
  Weighted average share outstanding basic     9,153,053       6,563,271  
  Effect of dilutive common stock equivalents 
Adjusted weighted average shares outstanding – dilutive
    9,153,053       6,563,271  
  Basic (loss) per share   $ (.05 )   $ (.08 )
  Dilutive (loss) per share   $ (.05 )   $ (.08 )

 

The effect of 1,872,000 stock options and 3,885,729 of warrants outstanding as of December 31, 2016 is antidilutive and therefore not presented in the above table.