EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2015

EARNINGS (LOSS) PER SHARE [Abstract]

EARNINGS (LOSS) PER SHARE

7. EARNINGS (LOSS) PER SHARE

The Company computes basic Earnings (Loss) Per Share (“EPS”) based solely on the weighted average number of shares of its Common Stock outstanding during the period. Diluted EPS reflects all potential dilution of Common Stock. For the three and nine months ended September 30, 2015, 4,303,395 shares attributable to outstanding options and equity warrants and 2,223,396 shares attributable to Liability Warrants were excluded from the calculation of diluted EPS because the effect was antidilutive. For the three and nine months ended September 30, 2014, 3,424,739 shares attributable to outstanding options and equity warrants, were excluded from the calculation of diluted EPS because the effect was antidilutive.