Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings per share:

9. EARNINGS PER SHARE

Basic earnings per share is calculated based on net income attributable to Ocean Bio-Chem, Inc. and the weighted average number of shares outstanding during the reported period.  Diluted earnings per share reflect additional dilution from potential common stock issuable upon the exercise of outstanding stock options using the treasury stock method.   The following table sets forth the computation of basic and diluted earnings per common share, as well as a reconciliation of the weighted average number of common shares outstanding to the weighted average number of shares outstanding on a diluted basis.

	Three Months Ended  March 31,
	2015			2014
Earnings per common share -Basic
Net (loss) income attributable to OBCI	$	(15,926	)	$	223,598
Weighted average number of common shares outstanding		8,920,288			8,690,074
Earnings per common share - Basic	$	0.00		$	0.03
Earnings per common share – Diluted
Net (loss) income attributable to OBCI	$	(15,926	)	$	223,598
Weighted average number of common shares outstanding		8,920,288			8,690,074
Dilutive effect of employee stock-based awards		---			173,050
Weighted average number of common shares outstanding - assuming dilution		8,920,288			8,863,124
Earnings per common share - Diluted	$	0.00		$	0.03

For the three months ended March 31, 2015 and March 31, 2014, 99,689 and 0 shares underlying outstanding stock awards were not included in the computation of earnings per common share – diluted because their effect was antidilutive.