XML 30 R20.htm IDEA: XBRL DOCUMENT v3.20.2
Earnings Per Common Share (EPS)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Common Share (EPS)

The computations of basic and diluted earnings per share were as follows for the periods presented below:

 

    THREE MONTHS ENDED     SIX MONTHS ENDED  
    JUNE 30,     JUNE 30,  
    2020     2019     2020     2019  
    (Unaudited)  
Basic Earnings Per Share Computation:                        
Net income (loss)   $ 488,627     $ (307,761 )   $ 972,515     $ 76,340  
Weighted average number of common shares     83,920,314       83,990,722       83,880,197       83,902,077  
Basic Earnings Per Share   $ 0.01     $ 0.00     $ 0.01     $ 0.00  
                                 
Diluted Earnings Per Share Computation:                                
Net income (loss)   $ 488,627     $ (307,761 )   $ 972,515     $ 76,340  
                                 
Weighted average number of common shares     83,920,314       83,990,722       83,880,197       83,902,077  
Incremental shares from assumed conversions                                
of dilutive securities     1,043,947       -       784,198       63,917  
Adjusted weighted average number of                                
common shares     84,964,261       83,990,722       84,664,395       83,965,994  
                                 
Diluted Earnings Per Share   $ 0.01     $ 0.00     $ 0.01     $ 0.00  

 

Unexercised stock options and restricted stock awards of 4,632,501 for the three month period ended June 30, 2019 have been excluded from the computation of loss per share because inclusion of these securities would have been anti-dilutive.