Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.5.0.1
Earnings Per Share
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

8. EARNINGS PER SHARE

Basic earnings per share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributed to potentially diluted securities. The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

March 31,

 

 

 

2016

 

Net income

 

$

49,121

 

Basic and diluted weighted average common shares outstanding

 

 

7,416,766

 

Basic and diluted per share net income

 

$

0.01