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Earnings Per Common Share

6 Months Ended

Jun. 30, 2021

Earnings Per Common Share

3. Earnings Per Common Share

3. Earnings Per Common Share

Basic net income/(loss) 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. Diluted net loss per common share for the three and six months ended June 30, 2021 is the same as basic net loss per common share because the common share equivalents were anti-dilutive due to the net loss. 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,
		2021				2020				2021				2020
Net income/(loss) (in thousands) (A)		$	(1,003	)		$	508			$	(1,718	)		$	648
Weighted-average share reconciliation:
Weighted-average basic shares outstanding (B)			19,443,777				15,023,929				18,818,085				14,964,138
Dilutive effect of stock-based awards			-				1,647,919				-				1,521,616
Diluted weighted-average outstanding shares of common stock (C)			19,443,777				16,671,848				18,818,085				16,485,754
Earnings per common share:
Basic (A/B)		$	(0.05	)		$	0.03			$	(0.09	)		$	0.04
Diluted (A/C)		$	(0.05	)		$	0.03			$	(0.09	)		$	0.04

For the three and six months ended June 30, 2021 and 2020, 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,
		2021				2020				2021				2020
Stock options			1,063,004				330,897				781,347				295,440

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

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