Annual report pursuant to Section 13 and 15(d)

Earnings per share

v3.7.0.1
Earnings per share
12 Months Ended
Dec. 31, 2016
Earnings per share [Abstract]  
Earnings Per Share [Text Block]
19.
Earnings per share
 
The following table sets forth the computation of basic and diluted earnings per common share for the years ended December 31, 2016 and 2015.
 
 
 
For the years ended December 31,
 
 
 
2016
 
2015
 
 
 
$
 
$
 
Numerator:
 
 
 
 
 
 
 
Net income attributable to the Company
 
 
6,117,927
 
 
3,854,082
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted-average shares outstanding
 
 
 
 
 
 
 
- Basic
 
 
15,105,235
 
 
15,096,166
 
- Dilutive effects of equity incentive awards
 
 
8,679
 
 
190,030
 
- Diluted
 
 
15,113,914
 
 
15,286,196
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
- Basic
 
 
0.41
 
 
0.26
 
- Diluted
 
 
0.40
 
 
0.25
 
 
Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.
 
555,392 shares of outstanding stock options with a total dilutive effect of 3,435 shares were included in the computation of diluted EPS for the year ended December 31, 2016. There were 740,001 warrants with a total dilutive effect of 5,244 shares were included in the computation of diluted EPS for the year ended December 31, 2016.
 
786,926 shares of outstanding stock options and 31,427 shares of forfeited or cancelled stock options with a total dilutive effect of 150,161 shares were included in the computation of diluted EPS for the year ended December 31, 2015. There were 740,001 warrants with a total dilutive effect of 39,869 shares were included in the computation of diluted EPS for the year ended December 31, 2015.