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Note 2 - (Loss) Income Per Share

6 Months Ended

Jun. 30, 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 (loss) 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 six months ended June 30, 2021 and 2020, basic and diluted (loss) income per share was as follows:

		Three Months Ended June 30,								Six Months Ended June 30,
		2021				2020				2021				2020
Numerator:
Net (loss) income		$	(5,179	)		$	452			$	(11,437	)		$	860
Denominator:
Weighted average shares outstanding			78,270,386				76,244,975				77,574,295				76,007,997
Weighted average restricted shares vested not delivered			1,691,889				2,265,408				1,986,348				2,549,334
Total basic weighted average shares outstanding			79,962,275				78,510,383				79,560,643				78,557,331
Dilutive effect of assumed conversion of restricted stock units			—				156,393				—				348,461
Total diluted weighted average shares outstanding			79,962,275				78,666,776				79,560,643				78,905,792
Basic and diluted (loss) income per share:
Basic		$	(0.06	)		$	0.01			$	(0.14	)		$	0.01
Diluted		$	(0.06	)		$	0.01			$	(0.14	)		$	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 June 30,								Six Months Ended June 30,
		2021				2020				2021				2020
Restricted stock units			2,843,570				3,412,390				2,843,570				2,288,573
Stock options			2,204,000				2,568,000				2,204,000				2,568,000
Warrants			833,333				2,183,333				833,333				2,183,333
Total anti-dilutive securities			5,880,903				8,163,723				5,880,903				7,039,906

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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=124432515&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=124432515&loc=d3e3630-109257

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