3. Earnings per Share

3 Months Ended

Mar. 31, 2016

Notes to Financial Statements

3. Earnings per Share

The following table sets forth the calculation of basic and diluted earnings per share for the three-month period ended March 31, 2015:

	Three Months Ended March 31, 2015
	Income		Shares		Per-Share Amount
	(Numerator)		(Denominator)
Net income	$	347,448		20,098,087	$	.02
Effect of dilutive securities
Options				1,779,041
Diluted earnings per share
Net income per share with assumed conversions	$	347,448		21,877,128	$	.02

The following table sets forth the calculation of basic and diluted earnings per share for the three-month period ended March 31, 2016:

	Three Months Ended March 31, 2016
	Income		Shares		Per-Share Amount
	(Numerator)		(Denominator)
Net income	$	349,799		20,778,422	$	.02
Effect of dilutive securities
Options				57,425
Diluted earnings per share
Net income per share with assumed conversions	$	349,799		20,835,847	$	.02