| Earnings Per Share [Text Block] |
12. Earnings Per Common Share (EPS) The computations of basic and diluted EPS were as follows for the periods presented below: | | | THREE MONTHS ENDED | | NINE MONTHS ENDED | | | | | SEPTEMBER 30, | | SEPTEMBER 30, | | | | | 2016 | | 2015 | | 2016 | | 2015 | | | | | (Unaudited) | | | Basic EPS Computation: | | | | | | | | | | | | | | | Net (loss) income | | $ | (148,040) | | $ | (1,763,280) | | $ | (1,704,480) | | $ | (4,330,667) | | | Weighted average number of common shares | | | 82,730,134 | | | 82,515,103 | | | 82,673,570 | | | 82,130,665 | | | Basic EPS | | $ | (0.00) | | $ | (0.02) | | $ | (0.02) | | $ | (0.05) | | | | | | | | | | | | | | | | | | Diluted EPS Computation: | | | | | | | | | | | | | | | Net (loss) income | | $ | (148,040) | | $ | (1,763,280) | | $ | (1,704,480) | | $ | (4,330,667) | | | | | | | | | | | | | | | | | | Weighted average number of common shares | | | 82,730,134 | | | 82,515,103 | | | 82,673,570 | | | 82,130,665 | | | Incremental shares from assumed conversions of stock options | | | - | | | - | | | - | | | - | | | Adjusted weighted average number of common shares | | | 82,730,134 | | | 82,515,103 | | | 82,673,570 | | | 82,130,665 | | | | | | | | | | | | | | | | | | Diluted EPS | | $ | (0.00) | | $ | (0.02) | | $ | (0.02) | | $ | (0.05) | | The dilutive effect of unexercised stock options and restricted stock awards excludes 2,115,668 and 1,857,668 of options from the computation of EPS for the three and nine month periods ended September 30, 2016 and 2015, respectively, because inclusion of the options would have been anti-dilutive.
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