XML 33 R16.htm IDEA: XBRL DOCUMENT
v3.22.1

Net Income Per Share | 12 Months Ended
--- | ---
Dec. 31, 2021
Net Income Per Share [Abstract] |
Net Income Per Share |
11. | Net Income Per Share
Basic earnings and net income per share are computed by dividing the net income available to common stockholders by the weighted average number of common shares outstanding during the period as defined by ASC Topic 260, Earnings Per Share. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options (using the treasury stock method). To the extent stock options are antidilutive, they are excluded from the calculation of diluted income per share. For the year ended December 31, 2021, 392,749 of shares issuable upon the exercise of outstanding stock options were not included in the computation of diluted net income per share from operations because their inclusion would be antidilutive. For the year ended December 31, 2021, 43,021 shares issuable upon the exercise of outstanding stock options were included in the computation of diluted net income per share from operations because their inclusion would be dilutive. For the year ended December 31, 2020, 618,918 of shares issuable upon the exercise of outstanding stock options were not included in the computation of diluted net income per share for operations because their inclusion would be antidilutive. For the year ended December 31, 2020, 3,118 of shares issuable upon the exercise of outstanding stock options were included in the computation of diluted net income per share for operations because their inclusion would be dilutive. The following table summarizes the net income per share calculation for the periods presented:
|  | Years Ended |
|  | December 31, |
|  | 2021 |  |  | 2020 |
Net income from operations – basic and diluted |  | $ | 1,324,106 |  |  | $ | 1,371,262 |
Weighted average shares outstanding – basic |  |  | 7,766,111 |  |  |  | 6,884,690 |
Weighted average shares outstanding – diluted |  |  | 7,809,132 |  |  |  | 6,887,808 |
Per share data: |  |  |  |  |  |  |  |
Basic from operations |  | $ | 0. 17 |  |  | $ | 0. 20 |
Diluted from operations |  | $ | 0. 17 |  |  | $ | 0. 20 |

X
- References No definition available. + Details
Name: | palt_NetIncomePerShareAbstract
Namespace Prefix: | palt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | palt_NetIncomePerShareTextBlock
Namespace Prefix: | palt_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration