XML 12 R20.htm IDEA: XBRL DOCUMENT v3.20.1
EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2019
EARNINGS PER SHARE  
NOTE 14 - EARNINGS PER SHARE

Basic net income (loss) per share is computed by dividing net income (loss) attributable to the Company, decreased with respect to net income or increased with respect to net loss by dividends declared on preferred stock by using the weighted-average number of common shares outstanding. The dilutive effect of incremental common shares potentially issuable under outstanding options, warrants and restricted shares is included in diluted earnings per share in 2019 and 2018 utilizing the treasury stock method. The computations of basic and diluted per share data were as follows:

 

 

2019

 

2018

 

Numerator for Basic and Diluted Earnings Per Share:

 

Net loss

 

$

(3,298,965

)

 

$

(9,060,658

)

Denominator for Basic Earnings Per Share:

 

Weighted Average Shares

 

13,273,596

 

13,306,612

 

Potentially Dilutive Common Shares

 

-

 

-

 

Adjusted Weighted Average Shares

 

13,273,596

 

13,306,612

 

Basic and Diluted Net (Loss) Income per Share

 

(0.25

)

 

(0.68

)

 

The following table summarized the potential shares of common stock that were excluded from the computation of diluted net loss per share for the years ended December 31, 2019 and 2018 as such shares would have had an anti-dilutive effect:

 

 

2019

 

2018

 

Common stock warrants

 

-

 

144,338

 

Common Stock Options

 

42,808

 

60,437

 

Convertible Debt

 

-

 

52,381

 

Total

 

42,808

 

257,155