| Calculation of earnings (loss) per share |
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Years Ended
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December 31,
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2015
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2014
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Income (loss) from continuing operations
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$
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(791,776)
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$
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660,988
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Income (loss) from discontinued operations, net of tax
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362,610
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(1,779)
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Net income (loss) available to common shareholders
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$
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(429,166)
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$
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659,209
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Basic EPS:
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Weighted average common shares outstanding
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2,784,757
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2,742,080
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Earnings (loss) per share - basic
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Continuing operations
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$
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(0.28)
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$
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0.24
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Discontinued operations
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0.13
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—
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Consolidated basic EPS
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$
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(0.15)
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$
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0.24
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Diluted EPS:
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Weighted average common shares outstanding
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2,784,757
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2,742,080
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Assumed conversion of net common shares issuable
under stock option plans
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—
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91,889
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Assumed conversion of net common shares issuable
under warrants
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—
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29,129
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Weighted average common and common equivalent shares
outstanding, diluted
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2,784,757
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2,863,098
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Earnings (loss) per share - diluted
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Continuing operations
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$
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(0.28)
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$
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0.23
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Discontinued operations
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0.13
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—
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Consolidated diluted EPS
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$
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(0.15)
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$
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0.23
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