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Note 14 - Earnings Per Share
 9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 14 – Earnings per Share

Basic and diluted earnings per share for the three and nine months ended September 30, 2023 and 2022: 

 

  

Three Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 
  

2023

  

2022

  

2023

  

2022

 
                 

Net income (loss) attributable to common shareholders

 $333,984  $(1,647,272) $(4,388,446) $(5,312,123)
                 

Basic weighted average shares

  5,123,735   4,845,851   4,942,182   4,831,346 
                 

Basic income (loss) per share

 $0.07  $(0.34

)

 $(0.89

)

 $(1.10

)

                 

Diluted weighted average shares

 $6,481,158  $4,845,851  $4,942,182  $4,831,346 
                 

Diluted income (loss) per share

 $0.05  $(0.34

)

 $(0.89

)

 $(1.10

)

 

The table below includes information related to stock options and warrants that were outstanding at the end of each respective three and nine-month period ended September 30 2023, and 2022. For periods in which we incurred a net loss, these amounts are not included in weighted average dilutive shares because their impact would be anti-dilutive. During the three months ended September 30, 2023, using the Treasury Stock method to convert potentially dilutive shares added an additional 1,359,310 shares to our diluted weighted average shares. 

 

  

Three Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 
  

2023

  

2022

  

2023

  

2022

 

Weighted average stock options

  650,436   632,426   615,662   600,796 

Weighted average price of stock options

 $4.64  $4.81  $4.64  $4.81 
                 

Weighted average warrants

  2,291,250   1,357,866   2,084,994   1,010,337 

Weighted average price of warrants

 $2.50  $2.47  $2.50  $2.47 
                 

Average price of common stock

 $5.52  $2.92  $4.56  $2.76