Earnings per share

12 Months Ended

Dec. 31, 2018

21.

Earnings per share

The following table sets forth the computation of basic and diluted earnings per common share for the years ended December 31, 2018 and 2017.

	For the years ended December 31,
	2018		2017
	$		$
Numerator:
Net income attributable to the Company		13,154,581		16,772,852

Denominator:
Weighted-average shares outstanding
- Basic		15,546,644		15,326,797
- Dilutive effects of equity incentive awards		59,533		108,574
- Diluted		15,606,177		15,435,371

Net income per share:
- Basic		0.85		1.09
- Diluted		0.84		1.09

Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.

823,848 shares

underlying

outstanding stock options with a total dilutive effect of 22,144 shares were included in the computation of diluted EPS for the year ended December 31, 2018. There were 200,000 warrants with a total dilutive effect of 25,254 shares included in the computation of diluted EPS for the year ended December 31, 2018. There were 106,312 forfeited options with a total dilutive effect of 12,135 shares included in the computation of diluted EPS for the year ended December 31, 2018.

915,042 shares

underlying

outstanding stock options with a total dilutive effect of 54,325 shares were included in the computation of diluted EPS for the year ended December 31, 2017. There were 200,000 warrants with a total dilutive effect of 53,846 shares included in the computation of diluted EPS for the year ended December 31, 2017. There were 7,064 forfeited options with a total dilutive effect of 403 shares included in the computation of diluted EPS for the year ended December 31, 2017.