| 5. Income (Loss) Per Share |
Basic
income (loss) per share excludes dilution and is computed by dividing income (loss) available to common shareholders by the weighted-average
number of shares outstanding for the period. Diluted income (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, except for periods when
the Company reports a net loss because the inclusion of such items would be antidilutive. The antidilutive effect of 52,655 shares
and 26,774 shares from stock options were excluded from diluted shares for the three months and nine months, respectively, ended
September 30, 2016.
The
following is a reconciliation of the amounts used in calculating basic and diluted net income (loss) per common share:
| |
|
Net
income (loss) |
|
|
Shares |
|
|
Per
Share Amount |
|
| Basic
net income per common share for the three months ended September 30, 2017: |
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
110,284 |
|
|
|
11,201,760 |
|
|
$ |
0.01 |
|
| Effect
of dilutive stock options |
|
|
- |
|
|
|
308,951 |
|
|
|
- |
|
| Diluted
net income per common share for the three months ended September 30, 2017 |
|
$ |
110,284 |
|
|
|
11,510,711 |
|
|
$ |
0.01 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic
net loss per common share for the three months ended September 30, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(57,238 |
) |
|
|
11,201,760 |
|
|
$ |
(0.01) |
|
| Effect
of dilutive stock options |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted
net loss per common share for the three months ended September 30, 2016 |
|
$ |
(57,238 |
) |
|
|
11,201,760 |
|
|
$ |
(0.01) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic
net income per common share for the nine months ended September 30, 2017: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income
available to common stockholders |
|
$ |
167,386 |
|
|
|
11,201,760 |
|
|
$ |
0.01 |
|
| Effect
of dilutive stock options |
|
|
- |
|
|
|
307,442 |
|
|
|
- |
|
| Diluted
net income per common share for the nine months ended September 30, 2017 |
|
$ |
167,386 |
|
|
|
11,509,202 |
|
|
$ |
0.01 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic
net loss per common share for the nine months ended September 30, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(413,265 |
) |
|
|
11,201,760 |
|
|
$ |
(0.04) |
|
| Effect
of dilutive stock options |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted
net loss per common share for the nine months ended September 30, 2016 |
|
$ |
(413,265 |
) |
|
|
11,201,760 |
|
|
$ |
(0.04) |
|
|