Earnings (Loss) per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings (Loss) per Share

Note 9. Earnings (Loss) per Share

In accordance with FASB ASC 260, Earnings per Share, basic earnings (loss) per common share is computed using net earnings (loss) divided by the weighted average number of common shares outstanding for the periods presented. The computation of diluted earnings per common share involves the assumption that outstanding common shares are increased by shares issuable upon exercise of those stock options and warrants for which the market price exceeds the exercise price. The number of shares issuable upon the exercise of such stock options and warrants is decreased by shares that could have been purchased by the Company with related proceeds. For the three months ended June 30, 2015 and 2014, the number of incremental common shares resulting from the assumed conversion of warrants was 1,351 and 1,814, respectively. Because the Company reported a net loss for the six months ended June 30, 2015 and 2014, common stock equivalents, consisting of stock options and warrants, were anti-dilutive.