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Income (Loss) Per Common Share
 6 Months Ended
Jun. 30, 2021
Net loss per share of common stock  
3. Income (Loss) Per Common Share

3.  

 Income (Loss) Per Common Share

 

 

 

Basic income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted income (loss) per share reflects the potential dilution that could occur if stock warrants were exercised. The following is a reconciliation of the numerator and denominator used in the basic and diluted computation of net income (loss) per share:

  

 

 

Three months ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) available to shareholders

 

$324,979

 

 

$(286,445)

 

$(22,672)

 

$(607,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

106,315,419

 

 

 

70,177,677

 

 

 

99,513,378

 

 

 

69,937,144

 

Incremental shares

 

 

2,381,285

 

 

 

-

 

 

 

-

 

 

 

-

 

Diluted weighted average shares outstanding

 

 

108,696,704

 

 

 

70,177,677

 

 

 

99,513,378

 

 

 

69,937,144

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$

 Nil

 

 

$(0.01)

 

$

 Nil

 

 

$(0.01)

Diluted EPS

 

$

 Nil

 

 

$(0.01)

 

$

 Nil

 

 

$(0.01)

 

For the three months ended June 30, 2021, common stock equivalent shares consisted of stock warrants and were included in the calculation of diluted earnings per share. For the six months ended June 30, 2021 and three and six month periods ended June 30, 2020, we had no common stock equivalent shares that were dilutive.