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Earnings (Loss) per Share
 12 Months Ended
Dec. 31, 2023
Net Income (Loss) per Common Share:  
Earnings (Loss) per Share

Note 13 – Earnings (Loss) per Share

 

Diluted Earnings per Share (“EPS”) gives effect to all dilutive potential common shares outstanding during the period. The computation of Diluted EPS does not assume conversion, exercise or contingent exercise of securities that would have an anti-dilutive effect on losses. As a result, if there is a loss from continuing operations, Diluted EPS is computed in the same manner as Basic EPS. In addition, approximately 348,000 options were excluded due to the option exercise price exceeding the weighted-average market price of our common shares.

 

The following table summarizes the calculation of income (loss) per share.

 

     2023     2022 
         
Net Income (Loss)  $(12,469,605)  $7,084,130 
           
Basic Weighted-Average Shares   22,718,890    21,003,563 
Effect of Dilutive Securities:          
Restricted Stock Units and Stock Options (a)   —    2,384,083 
Diluted Weighted-Average Shares   22,718,890    23,387,646 
Income (Loss) per Common Share          
Basic  $(0.55)  $0.34 
Diluted  $(0.55)  $0.30 

 

   
(a)      At December 31, 2023 the Company had approximately 1,361,200 RSUs and options that were excluded from the calculation of net income (loss) per share as their inclusion would be antidilutive due to a net loss for the period.