XML 13 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The calculation of diluted net (loss) income per share excludes all anti-dilutive shares.
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(918,576)
 
$
60,918
 
$
(1,839,604)
 
$
75,997
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares – basic
 
 
27,795,594
 
 
27,475,792
 
 
27,759,931
 
 
27,469,148
 
Dilutive effect of equity incentive plans
 
 
-
 
 
303,048
 
 
-
 
 
269,615
 
Weighted average common shares – diluted
 
 
27,795,594
 
 
27,778,840
 
 
27,759,931
 
 
27,738,763
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income per share
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.03)
 
$
0.00
 
$
(0.07)
 
$
0.00
 
Diluted
 
$
(0.03)
 
$
0.00
 
$
(0.07)
 
$
0.00
 
 
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]
The following table summarizes the common stock equivalents excluded from income (loss) per diluted share because their effect would be anti-dilutive because the exercise prices of these common stock equivalents exceeded the average market price of the Company’s common stock:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Stock options
 
 
504,205
 
 
588,569
 
 
504,205
 
 
753,205
 
 
 
 
504,205
 
 
588,569
 
 
504,205
 
 
753,205