Earnings (Loss) Per Share
|9 Months Ended|
Sep. 30, 2016
|Earnings Per Share [Abstract]|
|Earnings (Loss) Per Share||
Note 8 Earnings (Loss) Per Share
Basic earnings (loss) per share is computed by dividing net income or loss attributable to common stockholders by the weighted-average number of shares of our Common Stock outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue Common Stock were exercised or converted into Common Stock or resulted in the issuance of Common Stock that shared in the earnings of the entity. Diluted earnings (loss) per share also utilize the treasury stock method which prescribes a theoretical buy-back of shares from the theoretical proceeds of all options and warrants outstanding during the period. Options and warrants outstanding to acquire shares of our Common Stock at September 30, 2016 and 2015 were 1,757,500 and 1,739,500, respectively.
For the three months ended September 30, 2016 and 2015, there were 519,162 and 375,253 Common Stock Equivalents, respectively, which were in the money, that were included in the earnings per share computation. For the nine months ended September 30, 2016 and 2015, dilutive earnings (loss) per share is the same as basic earnings per share due to (i) the inclusion of Common Stock, in the form of stock options and warrants (Common Stock Equivalents) would have an anti-dilutive effect on the loss per share or (ii) there were no Common Stock Equivalents for the respective period. For the nine months ended September 30, 2016 and 2015, there were 342,248 and 335,454 Common Stock Equivalents, respectively, which were in the money, that were excluded from the earnings (loss) per share computation as a consequence of their anti-dilutive effect.
A reconciliation of the applicable numerators and denominators of the income statement periods presented, as reflected in the results of continuing operations, is as follows (in thousands, except per share amounts):
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef