Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Details of Computation of Earnings per Common Share, Basic and Diluted

The following table details the computation of earnings per common share, basic and diluted:

	For the Three Months Ended       September 30,				For the Nine Months Ended       September 30,
	2016		2015		2016		2015
Numerator for basic per share calculation:
Income from continuing operations for basic calculation	$	465,665	$	1,507,673	$	3,010,626	$	5,729,168
Income from discontinued operations, net of income tax expense		—		136,753		—		1,203,833
Net income for basic calculation	$	465,665	$	1,644,426	$	3,010,626	$	6,933,001
Numerator for diluted per share calculation:
Income from continuing operations	$	465,665	$	1,507,673	$	3,010,626	$	5,729,168
Adjustments to income from continuing operations for the statements of operations impact of dilutive securities		—		—		—		—
Income from continuing operations for dilution calculation		465,665		1,507,673		3,010,626		5,729,168
Income from discontinued operations, net of income tax expense		—		136,753		—		1,203,833
Net income for dilution calculation	$	465,665	$	1,644,426	$	3,010,626	$	6,933,001
Denominator:
Weighted average common shares – basic		11,320,904		11,236,188		11,308,833		11,218,759
Effect of dilutive securities:
RSUs		150,070		147,456		130,191		134,864
Stock options		293,236		337,556		306,475		339,825
Weighted average common shares – diluted		11,764,210		11,721,200		11,745,499		11,693,448
Per common share amounts – basic:
Income from continuing operations	$	0.04	$	0.13	$	0.27	$	0.51
Income from discontinued operations		—		0.02		—		0.11
Net income	$	0.04	$	0.15	$	0.27	$	0.62
Per common share amounts – diluted:
Income from continuing operations	$	0.04	$	0.13	$	0.26	$	0.49
Income from discontinued operations		—		0.01		—		0.10
Net income	$	0.04	$	0.14	$	0.26	$	0.59