Per Share Amounts

9 Months Ended

Sep. 30, 2016

Note 2.

Per Share Amounts

Per share information has been computed based on the weighted average number of common shares and dilutive common share equivalents outstanding. The computation for the three month period ended September 30, 2016 excluded approximately 571,000 stock options and the nine month period ended September 30, 2016 excluded approximately 600,000 stock options and 200,000 common stock warrants, because the exercise price of the options was higher than the average market price during those periods.

Pursuant to GAAP, potentially dilutive common stock equivalents, such as dilutive stock options, are not considered when their inclusion in reporting earnings per share would be dilutive to reported losses incurred per share. Because the Company reported a loss for the nine month period ended September 30, 2015, the potentially dilutive effects of approximately 25,000 of the Company’s stock options, 200,000 warrants, and 7,000 unvested restricted stock units were not considered for the reporting period, respectively.

The following table sets forth the computation of basic and diluted earnings per share for the three and nine month periods ended September 30, 2016 and 2015:

	Three Months ended September 30,				Nine Months ended September 30,
	2016		2015		2016		2015
Net income (loss) attributable to American Shared Hospital Services	$	334,000	$	43,000	$	478,000	$	(1,799,000)

Weighted average common shares for basic earnings per share		5,554,000		5,494,000		5,553,000		5,485,000
Diluted effect of stock options, restricted stock & common stock warrants		39,000		22,000		11,000		-
Weighted average common shares for diluted earnings per share		5,593,000		5,516,000		5,564,000		5,485,000

Basic earnings (loss) per share	$	0.06	$	0.01	$	0.09	$	(0.33)
Diluted earnings (loss) per share	$	0.06	$	0.01	$	0.09	$	(0.33)