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Note 11 - Net (Loss) Per Share

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 11. Net (Loss) per Share

Basic (loss) per share (EPS) was computed by dividing net income 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 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 (loss).

		2023				2022

Numerator:
Numerator for basic and diluted earnings per share, net (loss) available to common shareholders		$	(475,104	)		$	(5,483,244	)
Denominator:
Denominator for basic (loss) per share, weighted average shares outstanding			20,105,968				20,379,386
Effect of dilutive securities-stock options and restricted awards			—				—
Denominator for diluted (loss) per share, adjusted weighted average shares and assumed conversion			20,105,968				20,379,386
Basic (loss) per common share		$	(0.02	)		$	(0.27	)
Diluted (loss) per common share and common share equivalent		$	(0.02	)		$	(0.27	)

The awards and options to purchase shares of common stock that were outstanding at December 31, 2023 and 2022 that were not included in the computation of diluted (loss) per share because the effect would have been anti-dilutive, are as follows:

		Year Ended
		December 31,
		2023				2022
Anti-dilutive awards and options			6,384,900				4,982,900