Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share of Common Stock (Tables)

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Earnings (Loss) Per Share of Common Stock (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) Per Common Share

The following table sets forth the computation of basic and diluted earnings (loss) per common share for the three and nine months ended September 30, 2015 and 2014. Earnings (loss) per share is computed using the weighted average number of shares outstanding during the respective periods.

 

     For the Three Months Ended September 30,      For the Nine Months Ended September 30,  
     2015      2014      2015      2014  

Net income (loss)

   $ 206,395       $ 100,375       $ 200,681       $ (179,803

Weighted average shares of common stock outstanding—basic and diluted

     9,060,314         6,605,264         8,422,748         6,555,539   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic and diluted earnings (loss) per common share

   $ 0.02       $ 0.02       $ 0.02       $ (0.03