XML 23 R13.htm IDEA: XBRL DOCUMENT v3.21.2
EARNINGS PER SHARE
 3 Months Ended
Jun. 30, 2021
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 6 - EARNINGS PER SHARE

Basic EPS is computed by dividing reported earnings available to stockholders by the weighted average shares outstanding. Diluted EPS also includes the effect of stock options that would be dilutive. The following table provides a reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations for the three months ended:

​

​

​

​

​

​

​

​

​

    

June 30, 2021

    

June 30, 2020

Basic EPS

​

​

  

​

​

  

Net income (loss)

​

$

1,371,092

​

$

(116,234)

Weighted average shares

​

 

29,498,662

​

 

29,359,921

Net income (loss) per share

​

$

0.05

​

$

(0.01)

Diluted EPS

​

 

​

​

 

​

Net income (loss)

​

$

1,371,092

​

$

(116,234)

Dilutive effect of stock options

​

 

1,555,448

​

 

—

Weighted average shares

​

 

31,054,110

​

 

29,359,921

Net income (loss) per share

​

$

0.04

​

$

(0.01)

​

All potential common stock equivalents that have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. For the three months ended June 30, 2020, there were 2,816,000 of potentially anti-dilutive stock options, none of which were included in the earnings per share calculations above.