2. Net Loss Per Share

6 Months Ended

Jun. 30, 2017

Disclosure Text Block [Abstract]

2. Net Loss Per Share

2. Net(Loss) IncomePer Share

The calculation of net (loss) incomeper share follows:

	Three Months Ended June 30, 2017	Three Months Ended June 30, 2016	Six Months Ended June 30, 2017	Six Months Ended June 30, 2016
Basic:
Net (loss) incomeavailable to common shareholders	$ (115,297)	$ 315,016	$ (317,918)	$ 116,035
Average common shares outstanding-basic	826,921	826,921	826,921	826,921
Net(loss) incomeper share-basic	$  (0.14)	$  0.38	$ (0.38)	$  0.14
Diluted:
Average common shares-diluted	826,921	826,921	826,921	826,921
Net(loss) income per share-diluted	$  (0.14)	$ 0.38	$  (0.38)	$  0.14

The preferred stock is non-cumulative and the Company is restricted from paying dividends. Therefore, no effect of the preferred stock is included in the loss per share calculations.