Net Income / (Loss) Per Common Share

1 Months Ended

Apr. 28, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note C – Net Income / (Loss) Per Common Share

Basic net income / (loss) per common share is calculated by dividing the net income / (loss) by the weighted average number of outstanding common shares during the period. Diluted net income / (loss) per common share includes the weighted average dilutive effect of stock options and warrants. Potential common shares outstanding as of March 31, 2014 and 2013:

	March 31, 2014	March 31, 2013
Warrants	3,224,000	2,435,000
Options	3,206,000	3,426,080

The number of securities not included in the diluted net income per share for the three months ended March 31, 2014 were 6,337,903, since the inclusion of such securities would have an anti-dilutive effect because the securities’ exercise prices were greater than the average market price of the common shares.

The number of securities not included in the diluted net loss per common share for the three months ended March 31, 2013 (because the effect would have been anti-dilutive) were 5,861,080.