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EARNINGS / (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2017
EARNINGS / (LOSS) PER SHARE [Abstract]  
EARNINGS / (LOSS) PER SHARE
NOTE 11.
EARNINGS / (LOSS) PER SHARE:
 
A reconciliation of net income and weighted average shares used in computing basic and diluted net income per share is as follows:

 
Twelve Months Ended
December 31,
 
 
2017
 
2016
 
 
(In thousands, except per share data)
 
     
Basic net (loss) per share:
    
Net (loss) applicable to common shares
 
$
(11,163,964
)
 
$
(2,780,686
)
Weighted average common shares outstanding
  
14,982,791
   
13,068,597
 
Basic net (loss) per share of common stock
 
$
(0.75
)
 
$
(0.21
)
Diluted net (loss) per share:
        
Net (loss) applicable to common shares
 
$
(11,163,964
)
 
$
(2,780,686
)
Weighted average common shares outstanding
  
14,982,791
   
13,068,597
 
Dilutive effects of convertible debt, stock options and warrants
  
-
   
-
 
Weighted average common shares, assuming dilutive effect of stock options
  
14,982,791
   
13,068,597
 
Diluted net (loss) per share of common stock
 
$
(0.75
)
 
$
(0.21
)

Due to the Company’s net loss, potential dilutive shares were not included in the calculation of diluted EPS on December 31, 2017 and December 31, 2016, as it will have an antidilutive effect.