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Note 8 - Net Income (Loss) Per Share Applicable to Common Stockholders

6 Months Ended

Jun. 30, 2020

Income Statement [Abstract]

Net Income (Loss) Per Share Applicable to Common Stockholders

NOTE 8 — Net Income (Loss) Per Share Applicable to Common Stockholders

The following table sets forth the reconciliation of basic shares to diluted shares and the computation of basic and diluted net income (loss) per share:

			Three Months Ended June 30,								Six Months Ended June 30,
			2020				2019				2020				2019
Numerator:
Net income (loss)			$	(768,023	)		$	119,790			$	(858,350	)		$	131,629
Denominator:
Weighted average shares outstanding used in computing net income (loss) per share:
Basic				6,009,383				5,999,159				6,011,670				5,969,666
Effect of dilutive stock options				—				272,348				—				234,223
Diluted				6,009,383				6,271,507				6,011,670				6,203,889
Net income (loss) per share applicable to common stockholders:
Basic			$	(0.13	)		$	0.02			$	(0.14	)		$	0.02
Diluted			$	(0.13	)		$	0.02			$	(0.14	)		$	0.02

In the three and six months ended June 30, 2020, 2,259,937 stock options and 394,506 restricted stocks were excluded in the calculation of diluted net loss per share because their effect would be anti-dilutive. In the three and six months ended June 30, 2019, 2,185,351 and 2,223,476, respectively, stock options were excluded in the calculation of diluted net loss per share because their effect would be anti-dilutive.

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- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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- References

No definition available.

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