3. Earnings per Share

3 Months Ended

Mar. 31, 2018

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, 2017:

	Three Months Ended March 31, 2017
	Income (Numerator)		Shares (Denominator)		Per-Share Amount
Net income	$	192,543		20,783,032	$	.01
Effect of dilutive securities
Options and warrants		-		248,046		-
Convertible notes		-		4,388,889		-
Diluted earnings per share
Net income per share with assumed conversions	$	192,543		25,419,967	$	.01

The following table sets forth the calculation of basic and diluted earnings per share for the three-month period ended March 31, 2018:

	Three Months Ended March 31, 2018
	Income (Numerator)		Shares (Denominator)		Per-Share Amount
Net income	$	402,549		20,869,689	$	.02
Effect of dilutive securities
Options and warrants		-		920,051
Convertible notes		65,168		4,600,000	____
Diluted earnings per share
Net income per share with assumed conversions	$	467,717		26,389,740	$	.02