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Note 2 - (Loss) Income Per Share

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

2. (Loss) income per share

Basic (loss) income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period, in addition to restricted stock units ("RSUs") and restricted common stock that are vested but not delivered. Diluted (loss) income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock are exercised or converted into common stock and is calculated using the treasury stock method for stock options, restricted stock units, restricted stock, warrants and deferred common stock. Common equivalent shares are excluded from the calculation in loss periods, as their effects would be anti-dilutive.

For the three months ended March 31, 2021 and 2020, basic and diluted (loss) income per share was as follows:

		Three Months Ended March 31,
		2021				2020
Numerator:
Net (loss) income		$	(6,258	)		$	408
Denominator:
Weighted average shares outstanding			79,608,513				75,771,019
Weighted average restricted shares vested not delivered			2,284,080				2,833,261
Total basic weighted average shares outstanding			81,892,593				78,604,280
Dilutive effect of assumed conversion of restricted stock units			—				149,490
Total diluted weighted average shares outstanding			81,892,593				78,753,770
Basic and diluted (loss) income per share:
Basic		$	(0.08	)		$	0.01
Diluted		$	(0.08	)		$	0.01

The following potentially dilutive securities were excluded from the calculation of diluted (loss) income per share, as their effects would have been anti-dilutive for the periods presented:

		Three Months Ended March 31,
		2021				2020
Restricted stock units			3,042,873				3,216,816
Stock options			2,204,000				2,568,000
Warrants			833,333				2,398,776
Total anti-dilutive securities			6,080,206				8,183,592

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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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