Nine Months Ended

September 30,

2016

2015

(in thousands,

except per share data)

Basic net income (loss) per share:

Net income (loss) applicable to common shares

$

(0.32

)

$

0.10

Weighted average and common shares outstanding

12,794,149

9,992,828

Basic net income (loss) per share of common stock

$

(0.32

)

$

0.10

Diluted net income (loss) per share:

Net income (loss) applicable to common shares

$

(0.32

)

$

0.10

Weighted average and common shares outstanding

12,794,149

9,992,828

Dilutive effects of convertible debt, stock options and warrants

-

Weighted average common shares, assuming dilutive effect of stock options

12,794,149

9,992,828

Diluted net income (loss) per share of common stock

$

(0.32

)

$

0.10