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Note 7 - Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 7. Net Income (Loss) Per Share

Basic income (loss) per share (EPS) was computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted EPS differs from basic EPS due to the assumed conversion of potentially dilutive awards and options that were outstanding during the period. The following is a reconciliation of the numerators and the denominators of the basic and diluted per share computations for net income (loss) for the three and six months ended June 30, 2021 and June 30, 2020.

		Three Months Ended June 30,								Six Months Ended June 30,
		2021				2020				2021				2020
Numerator:
Numerator for basic and diluted income (loss) per share, net income (loss) available to common shareholders		$	218,483			$	(1,288,169	)		$	(501,769	)		$	(2,123,178	)
Denominator:
Denominator for basic income (loss) per share, weighted average shares outstanding			19,993,387				13,173,009				19,962,661				13,150,119
Effect of dilutive securities			4,969,002				—				—				—
Denominator for diluted earnings per share, adjust weighted average shares and assumed conversion			24,962,389				13,173,009				19,962,661				13,150,119
Basic income (loss) per common share		$	0.01			$	(0.10	)		$	(0.03	)		$	(0.16	)
Diluted income (loss) per common share and common share equivalent		$	0.01			$	(0.10	)		$	(0.03	)		$	(0.16	)

The awards and options to purchase shares of common stock that were outstanding at June 30, 2021 and June 30, 2020 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive, are as follows:

		Six Months Ended June 30,
		2021				2020
Anti-dilutive awards and options			4,969,002				5,467,780

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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
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-Name Accounting Standards Codification
-Topic 260
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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
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