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Note 9 - Net Income (Loss) Per Share Applicable to Common Stockholders

9 Months Ended

Sep. 30, 2020

Income Statement [Abstract]

Net Income (Loss) Per Share Applicable to Common Stockholders

NOTE 9 — 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 September 30,								Nine Months Ended September 30,
					2020*				2019				2020*				2019
Numerator:
Net income (loss)				$	(4,002,786	)*		$	94,298			$	(4,861,136	)*		$	225,927
Net income (loss) allocated to restricted stock award					264,275				—				263,128				—
Net income (loss) available to common stockholders				$	(3,738,511	)*		$	94,298			$	(4,598,008	)*		$	225,927
Denominator:
Weighted average shares outstanding used in computing net income (loss) per share:
Basic					6,037,559				5,999,487				6,020,363				5,979,715
Effect of dilutive stock options					—				317,783				—				256,958
Diluted					6,037,559				6,317,270				6,020,363				6,236,673
Net income (loss) per share applicable to common stockholders:
Basic				$	(0.62	)*		$	0.02			$	(0.76	)*		$	0.04
Diluted				$	(0.62	)*		$	0.01			$	(0.76	)*		$	0.04

*Amounts for 2020 include goodwill impairment charges of $4.43 million recorded as of September 30, 2020. Additional information regarding goodwill impairment is contained in "Note 2 - Summary of Significant Accounting Policies."

For the three and nine months ended September 30, 2020, the shares used in computing diluted net loss per share do not include 2,599,187 dilutive stock options and shares of restricted stock, nor 1,047,945 dilutive conversion shares as the effect is anti-dilutive given the Company’s loss. In the three and nine months ended September 30, 2019, 2,128,547 and 2,189,372, respectively, stock options were excluded in the calculation of diluted net income per share.

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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.

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-Publisher FASB
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