Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.8.0.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Below is a summary of the earnings per share computations:
 
Three Months Ended March 31,
 
2018
 
2017
 
 
 
 
 
 
 
 
 
Earnings per share – basic
 
$
0.07
 
$
0.17
 
Earnings per share – diluted
 
$
0.06
 
$
0.15
 
Weighted average shares of common stock outstanding – basic
 
 
32,421,467
 
 
25,067,954
 
Weighted average shares of common stock outstanding – diluted
 
 
38,098,373
 
 
28,445,647
 
Schedule of Weighted Average Number of Shares
Below is a summary of the shares included in the diluted earnings per share computations:
 
Three Months Ended March 31,
 
2018
 
2017
 
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding – basic
 
 
32,421,467
 
 
25,067,954
 
10% shares held back pursuant to indemnification clause
 
 
3,039,749
 
 
2,785,328
 
Stock options
 
 
835,790
 
 
592,365
 
Warrants
 
 
1,801,367
 
 
-
 
Weighted average shares of common stock outstanding – diluted
 
 
38,098,373
 
 
28,445,647