Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.7.0.1
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period.
 
 
 
For the Three Months Ended
 
For the Six Months Ended
 
 
 
June 30,
 
June 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
246,119
 
 
1,116,843
 
$
1,119,658
 
 
2,212,895
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding - Basic
 
 
11,188,882
 
 
10,632,276
 
 
10,963,724
 
 
10,632,276
 
Stock options and restricted shares
 
 
228,004
 
 
679,109
 
 
752,564
 
 
600,713
 
Weighted-average shares outstanding - Diluted
 
 
11,416,886
 
 
11,311,385
 
 
11,716,288
 
 
11,232,989
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
-Basic
 
 
0.02
 
 
0.11
 
 
0.10
 
 
0.21
 
-Diluted
 
 
0.02
 
 
0.10
 
 
0.10
 
 
0.20