Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2017

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,
	2017		2016		2017		2016
Numerator:
Net income for basic calculation	$	457,730	$	465,665	$	1,390,115	$	3,010,626
Adjustments to net income for the impact of dilutive securities		—		—		—		—
Net income for dilution calculation	$	457,730	$	465,665	$	1,390,115	$	3,010,626
Denominator:
Weighted average common shares – basic		11,499,832		11,320,904		11,487,280		11,308,833
Effect of dilutive securities:
RSUs		146,152		150,070		117,609		130,191
Stock options		128,700		293,236		153,479		306,475
Weighted average common shares – diluted		11,774,684		11,764,210		11,758,368		11,745,499
Net income per common share:
Basic	$	0.04	$	0.04	$	0.12	$	0.27
Diluted	$	0.04	$	0.04	$	0.12	$	0.26