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6. Earnings (Loss) Per Share
 9 Months Ended
Sep. 30, 2018
Net (loss) income per common share:  
6. (Loss) Earnings Per Share

Basic earnings (loss) per share excludes dilution and is computed by dividing loss available to common shareholders by the weighted-average number of shares outstanding for the period. Diluted (loss) earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, except for periods when the Company reports a net loss because the inclusion of such items would be antidilutive. The antidilutive effect of 511,118 shares from stock options were excluded from diluted shares for the nine months ended September 30, 2018.

 

The following is a reconciliation of the amounts used in calculating basic and diluted net income (loss) per common share:

 

                 Per share  
     Net income (loss)      Shares      amount  
Basic net income per common share for the                  
three months ended September 30, 2018:                  
Income available to common shareholders   $ 27,964       11,201,760     $ -  
Effect of dilutive stock options     -       391,423       -  
Diluted net income per common share for the                        
three months ended September 30, 2018   $ 27,964       11,593,183     $ -  
                         
Basic net income per common share for the                        
three months ended September 30, 2017:                        
Income available to common shareholders   $ 110,284       11,201,760     $ 0.01  
Effect of dilutive stock options     -       308,951       -  
Diluted net income per common share for the                        
three months ended September 30, 2017   $ 110,284       11,510,711     $ 0.01  
                         
Basic net loss per common share for the                        
nine months ended September 30, 2018:                        
Loss available to common shareholders   $ (11,194 )     11,201,760     $ -  
Effect of dilutive stock options     -       -       -  
Diluted net loss per common share for the                        
nine months ended September 30, 2018   $ (11,194 )     11,201,760     $ -  
                         
Basic net income per common share for the                        
nine months ended September 30, 2017:                        
Income available to common shareholders   $ 167,386       11,201,760     $ 0.01  
Effect of dilutive stock options     -       307,442       -  
Diluted net income per common share for the                        
nine months ended September 30, 2017   $ 167,386       11,509,202     $ 0.01