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Net Income (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Summary of Computation of Net Income (Loss) Per Share

The following table presents the computation of net income (loss) per share:

 

 

 

Three Months Ended June 30,

 

 

 

Six Months Ended June 30,

 

 

 

 

2018

 

 

2017

 

 

 

2018

 

 

2017

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(3,190,347

)

 

$

(70,121

)

 

 

$

(4,296,138

)

 

$

314,970

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

9,439,025

 

 

 

9,520,285

 

 

 

 

9,459,272

 

 

 

9,440,368

 

 

Plus dilutive effect of potential common shares

 

 

 

 

 

 

 

 

 

 

 

 

680,630

 

 

Weighted average common shares outstanding - diluted

 

 

9,439,025

 

 

 

9,520,285

 

 

 

 

9,459,272

 

 

 

10,120,998

 

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.34

)

 

$

(0.01

)

 

 

$

(0.45

)

 

$

0.03

 

 

Diluted

 

$

(0.34

)

 

$

(0.01

)

 

 

$

(0.45

)

 

$

0.03

 

 

 

Summary of Potentially Dilutive Securities

Potentially dilutive securities not included in the calculation of diluted net income (loss) per share because to do so would be anti-dilutive are as follows:

 

 

 

Three Months Ended June 30,

 

 

 

Six Months Ended June 30,

 

 

 

 

2018

 

 

2017

 

 

 

2018

 

 

2017

 

 

Employee stock options

 

 

1,152,520

 

 

 

384,538

 

 

 

 

1,349,833

 

 

 

366,732

 

 

Warrants outstanding

 

 

51,003

 

 

 

 

 

 

 

51,003

 

 

 

 

 

Total

 

 

1,203,523

 

 

 

384,538

 

 

 

 

1,400,836

 

 

 

366,732