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Note 13 - Net Income (Loss) Per-share
 12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 13 – Net Income (Loss) Per-Share

 

Basic and diluted income (loss) per share are based on the weighted average number of shares of common stock and potential common stock outstanding during the period. Potential common stock, for the purpose of determining diluted income per share, includes the effects of dilutive unvested restricted stock, options to purchase common stock and convertible securities. The effect of such potential common stock is computed using the treasury stock method or the if-converted method, as applicable.

 

The following table presents a reconciliation of the numerators and denominators of the basic and diluted income (loss) per share computations for income from continuing operations. In the table below, income (loss) represents the numerator and shares represent the denominator (in thousands except per share amounts):

 

  Years Ended  
  

December 31,

 
  

2021

  

2020

 
         

Basic net income (loss) per share:

        

Numerator:

        

Net income (loss)

 $(1,297

)

 $79 

Denominator:

        

Weighted-average shares of common stock outstanding

  18,363   17,820 
         

Basic net income (loss) per share

 $(0.07

)

 $0.00 
         

Diluted net income (loss) per share:

        

Numerator:

        

Net income (loss)

 $(1,297

)

 $79 

Plus interest expense on convertible debt

  -   - 
  $(1,297

)

 $79 

Denominator:

        

Weighted-average shares of common stock outstanding

  18,363   17,820 

Dilutive options and warrants outstanding

  -   3,168 

Number of shares used in diluted per-share computation

  18,363   20,988 
         

Diluted net income (loss) per share

 $(0. 07

)

 $0.00 

 

For the year ended December 31, 2021, 4,410,000 potentially dilutive shares were excluded from the calculation of dilutive shares because their effect would have been anti-dilutive. No shares were excluded from the calculation of dilutive shares for the year ended December 31, 2020.