Quarterly report pursuant to Section 13 or 15(d)

Earnings per share

v3.7.0.1
Earnings per share
6 Months Ended
Jun. 30, 2017
Earnings per share [Abstract]  
Earnings Per Share [Text Block]
11.
Earnings per share
 
The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2017 and 2016.
 
 
 
Three months ended
 
Six months ended
 
 
 
June 30,
 
June 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
 
 
$
 
$
 
$
 
$
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to the Company
 
 
4,371,237
 
 
2,051,782
 
 
6,906,886
 
 
1,709,174
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
- Basic
 
 
15,317,101
 
 
15,101,679
 
 
15,218,820
 
 
15,101,679
 
- Dilutive effects of equity incentive awards
 
 
162,256
 
 
1,198
 
 
85,953
 
 
2,207
 
- Diluted
 
 
15,479,357
 
 
15,102,877
 
 
15,304,773
 
 
15,103,886
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
- Basic
 
 
0.29
 
 
0.14
 
 
0.45
 
 
0.11
 
- Diluted
 
 
0.28
 
 
0.14
 
 
0.45
 
 
0.11
 
 
685,001 and 540,001 options and warrants were not included in the computation of diluted earnings per share for the six months and three months ended June 30, 2017, respectively, and 1,701,927 options and warrants were not included in the computation of diluted earnings per share for the six months and three months ended June 30, 2016, respectively, because the options’ exercise price was greater than the average market price of the ordinary shares.