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1. Organization and Summary of Significant Accounting Policies: Income (Loss) Per Common Share (Policies)
9 Months Ended
Sep. 30, 2015
Policies  
Income (Loss) Per Common Share

Income (Loss) Per Common Share

 

Basic income (loss) per share is computed by dividing the net income (loss) attributable to common stockholders for the period by the weighted average number of common shares outstanding during the period.  Diluted net income (loss) per share is computed based on the weighted average number of common shares and potentially dilutive common shares outstanding. The calculation of diluted net income (loss) per share excludes potential common shares if their effect would be anti-dilutive. Potential common shares consist of incremental common shares issuable upon the exercise of warrants and shares issuable upon the conversion of preferred stock.

 

The following table details the calculation of the weighted average number of common shares and dilutive common shares used in diluted income (loss) per share as of September 30:

 

 

 

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

 

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Used in Basic Income (Loss) Per Share

 

22,259,569   

 

19,960,494   

 

22,062,308   

 

18,950,343   

 

 

 

 

 

 

 

 

 

Effect of Dilutive Securities:

 

 

 

 

 

 

 

 

  Common Stock Warrants

 

-   

 

-   

 

-   

 

2,531,297   

  Convertible Preferred Stock

 

-   

 

-   

 

-   

 

354,108   

 

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares and Dilutive Potential Common Stock Used in Diluted Income (Loss) Per Share

 

22,259,569   

 

19,960,494   

 

22,062,308   

 

21,835,748   

 

 

 

 

 

 

 

 

 

Anti-Dilutive Equity Awards Excluded from Effect of Dilutive Securities

 

3,296,736   

 

4,454,743   

 

3,296,736   

 

-