| Basic and diluted net loss per share |
| |
|
2017 |
|
|
2016 |
|
| Basic |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Net income |
|
$ |
1,877,555 |
|
|
$ |
1,428,573 |
|
| Less: preferred stock dividends |
|
|
(292 |
) |
|
|
(479 |
) |
| Net income applicable to common stock |
|
$ |
1,877,263 |
|
|
$ |
1,428,094 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding |
|
|
1,975,380 |
|
|
|
1,999,983 |
|
| |
|
|
|
|
|
|
|
|
| Basic earnings per share |
|
$ |
0.95 |
|
|
$ |
0.71 |
|
| Diluted |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Net income applicable to common stock |
|
$ |
1,877,263 |
|
|
$ |
1,428,094 |
|
| Add: preferred stock dividends |
|
|
292 |
|
|
|
479 |
|
| Net income applicable for diluted earnings per share |
|
$ |
1,877,555 |
|
|
$ |
1,428,573 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding |
|
|
1,975,380 |
|
|
|
1,999,983 |
|
| Add: Options |
|
|
34,476 |
|
|
|
44,355 |
|
| Add: Common Stock Warrants |
|
|
– |
|
|
|
– |
|
| Add: Series B Preferred Stock |
|
|
1,071,200 |
|
|
|
1,071,200 |
|
| Add: Series B Preferred Stock Warrants |
|
|
590,145 |
|
|
|
590,145 |
|
| Add: Series E Preferred Stock |
|
|
77,840 |
|
|
|
127,840 |
|
| Assumed weighted average common shares outstanding |
|
|
3,749,041 |
|
|
|
3,833,523 |
|
| |
|
|
|
|
|
|
|
|
| Diluted earnings per share |
|
$ |
0.50 |
|
|
$ |
0.37 |
|
|