(3) Net Income Per Common and Common Equivalent Share

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

(3) Net Income Per Common and Common Equivalent Share

(3)  Net Income (loss) Per Common and Common Equivalent Share

Basic net income (loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period.  Diluted net income (loss) per common share is calculated by dividing net income (loss) by the sum of the weighted average number of common shares plus additional common shares that would have been outstanding if potential dilutive common shares had been issued for granted stock options and stock purchase rights.  Common stock equivalents are excluded from the diluted calculations when a net loss is incurred as they would be anti-dilutive.

The following table presents the calculation of both basic and diluted EPS:

	Three Months Ended				Nine-Months Ended
	September 30,			October 1,	September 30,			October 1,
		2017		2016		2017		2016
Basic EPS Computation:
Numerator:
Net income (loss)	$	13,228	$	(138,786)	$	(924,389)	$	(200,395)
Denominator:
Weighted average
Common shares
Outstanding		13,203,436		13,203,436		13,203,436		13,200,584
Basic EPS	$	0.00	$	(0.01)	$	(0.07)	$	(0.02)
Diluted EPS Computation:
Numerator:
Net income (loss)	$	13,228	$	(138,786)	$	(924,389)	$	(200,395)
Denominator:
Weighted average
Common shares
Outstanding		13,203,436		13,203,436		13,203,436		13,200,584
Dilutive effect of stock options		26,432		—		—		—
Total Shares		13,229,868		13,203,436		13,203,436		13,200,584
Diluted EPS	$	0.00	$	(0.01)	$	(0.07)	$	(0.02)