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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Common Share:  
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 months ended March 31, 2022 and 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 March 31,

 

 

 

2022

 

 

2021

 

Net loss (in thousands) (A)

 

$(1,220)

 

$(715)

 

 

 

 

 

 

 

 

 

Weighted-average share reconciliation:

 

 

 

 

 

 

 

 

Weighted-average basic shares outstanding (B)

 

 

22,236,362

 

 

 

18,189,783

 

Dilutive effect of stock-based awards

 

 

-

 

 

 

-

 

Diluted weighted-average outstanding shares of common stock (C)

 

 

22,236,362

 

 

 

18,189,783

 

 

 

 

 

 

 

 

 

 

Earnings/(loss) per common share:

 

 

 

 

 

 

 

 

Basic (A/B)

 

$(0.05)

 

$(0.04)

Diluted (A/C)

 

$(0.05)

 

$(0.04)

 

For the three months ended March 31, 2022 and 2021, 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 March 31,

 

 

 

2022

 

 

2021

 

Stock options

 

 

1,798,872

 

 

 

91,845