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Note 9 - Net Loss Per Share of Common Stock

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 9:

NET INCOME (LOSS) PER SHARE OF COMMON STOCK

Basic net income (loss) per share is computed based on the weighted average number of shares of common stock outstanding during each period. Diluted net income (loss) per share is computed based on the weighted average number of shares of common stock outstanding during each period, plus dilutive potential shares of common stock considered outstanding during the period, in accordance with FASB ASC No. 260, “Earnings Per Share.”

		Nine months ended September 30,								Three months ended September 30,
		2020 (unaudited)				2019 (unaudited)				2020 (unaudited)				2019 (unaudited)
Numerator:
Net income (loss)		$	(3,014	)		$	(3,034	)		$	(739	)		$	775
Denominator (in thousands):
Basic weighted-average common stock outstanding			22,059				21,936				22,163				21,953
Effect of stock -based awards			—				—				—				451
Diluted weighted average common stock outstanding			22,059				21,936				22,163				22,404

Basic net income (loss) per share		$	(0.14	)		$	(0.14	)		$	(0.03	)		$	0.04
Diluted net income (loss) per share		$	(0.14	)		$	(0.14	)		$	(0.03	)		$	0.03

The total number of shares related to outstanding equity-based awards excluded from the calculation of diluted net loss per share was 1,162,650 for both the three and nine months ended September 30, 2020. The weighted average number of shares related to outstanding equity-based awards excluded from the calculation of diluted net income per share, since their effect was anti-dilutive, was 105,901 shares for the three months ended September 30, 2019. The total number of shares related to the outstanding equity-based awards excluded from the calculation of diluted net loss per share was 1,385,525 for the nine months ended September 30, 2019.