1. Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Summary Of Significant Accounting Policies Tables

Basic and diluted earnings per share

The following table sets forth the calculation of basic and diluted earnings per share for the year ended December 31, 2015:

	Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
Earnings per share – basic
Net income		785,778		20,517,846	$	0.04
Effect of dilutive securities
Options		-		921,396
Diluted earnings per share
Net income	$	785,778		21,439,242	$	0.04

The following table sets forth the calculation of basic and diluted loss per share for the year ended December 31, 2016:

	Income			Shares		Per Share
	(Numerator)			(Denominator)		Amount
Loss per share – basic
Net loss		(870,840	)		20,781,886	$	(0.04	)
Effect of dilutive securities
Options		-			32,845
Convertible notes		-			393,442
Diluted loss per share
Net loss	$	(870,840	)		21,208,173	$	(0.04	)

The following table sets forth the calculation of basic and diluted loss per share for the year ended December 31, 2017:

	Income			Shares		Per Share
	(Numerator)			(Denominator)		Amount
Loss per share – basic
Net loss		(3,384,927	)		20,783,032	$	(0.16	)
Effect of dilutive securities
Options					222,624
Convertible notes		345,208			4,698,630
Diluted loss per share
Net loss	$	(3,039,719	)		25,704,286	$	(0.16	)

(1) Net loss per share is shown the same as basic loss per share because the underlying dilutive securities have a anti-dilutive effect.