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Note 7 - Earnings Per Share
 6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 7 - EARNINGS PER SHARE

 

Basic and diluted net income (loss) per common share is determined by dividing net income (loss) by the weighted average common shares outstanding during the period. For the periods where there is a net loss, stock options, warrants and Restricted Stock Units have been excluded from the calculation of diluted net loss per common share because their effect would be anti-dilutive. Consequently, the weighted average common shares used to calculate both basic and diluted net loss per common share would be the same.

 

For the period ended June 30, 2021, the Company had 145,460 stock grants outstanding to issue Common Stock (“RSUs”). Further, the Company had 515,000 prefunded warrants outstanding to issue Common Stock.

 

The following data shows the amounts used in computing earnings per share and the weighted average number of shares of potential dilutive common stock for the six months ended June 30, 2021 and 2020:

 

  

For the Six Months

Ended June 30,

 
  

2021

  

2020

 

Net Income (Loss) attributable to LiqTech International Inc.

 $(5,557,537

)

 $(2,260,312

)

Weighted average number of common shares used in basic earnings per share

  21,723,578   20,758,855 

Effect of dilutive securities, stock options, RSUs, and warrants

  -   - 

Weighted average number of common shares and potential dilutive common shares outstanding used in dilutive earnings per share

  21,723,578   20,758,855 

 

For the six months ended June 30, 2021, the Company had no options outstanding to purchase common stock. For the six months ended June 30, 2020, the Company had 25,000 options outstanding to purchase common stock at $2.96 per share.