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3. Earnings Per Common Share
 6 Months Ended
Jun. 30, 2020
Earnings/(loss) per common share:  
Earnings Per Common Share

Basic net income per common share is computed by dividing the net income for the period by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed giving effect to all dilutive common stock equivalents, consisting of common stock options. The following table sets forth the computation of basic and diluted net income per common share:

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2020     2019     2020     2019  
Net income (in thousands) (A)   $ 508     $ 338     $ 648     $ 577  
                                 
Weighted-average share reconciliation:                                
Weighted-average basic shares outstanding (B)     15,023,929       14,462,722       14,964,138       14,428,694  
Dilutive effect of stock-based awards     1,647,919       1,045,848       1,521,616       910,710  
   Diluted weighted-average outstanding shares of common stock (C)     16,671,848       15,508,570       16,485,754       15,339,404  
                                 
Earnings per common share:                                
   Basic (A/B)   $ 0.03     $ 0.02     $ 0.04     $ 0.04  
   Diluted (A/C)   $ 0.03     $ 0.02     $ 0.04     $ 0.04  

 

For the three and six months ended June 30, 2020 and 2019, the following potentially dilutive common stock, including awards granted under our equity incentive compensation plans, were excluded from the computation of diluted net income per share because including them would be anti-dilutive.

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2020     2019     2020     2019  
Stock options     330,897       1,314,310       295,440       1,676,666