XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.1

Note 9 - Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2021

Income Statement [Abstract]

Net Income (Loss) Per Share

NOTE 9 — Net Income (Loss) Per Share

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 March 31,
		2021				2020
Numerator:
Net income (loss)		$	202,902			$	(90,327	)
Net income (loss) allocated to restricted stock award			17,365				(1,547	)
Adjusted net income (loss) for basic earnings per share		$	185,537			$	(88,780	)
Denominator:
Weighted average shares outstanding used in computing net income (loss) per share:
Basic			6,484,391				6,014,007
Effect of dilutive stock options			821,597				—
Diluted			7,305,988				6,014,007
Net income (loss) per share applicable to common stockholders:
Basic		$	0.03			$	(0.01	)
Diluted		$	0.03			$	(0.01	)

In the three months ended March 31, 2021, 50,000 warrants and 1,007,081 conversion shares were excluded as their effect would be anti-dilutive.

In the three months ended March 31, 2020, 2,536,925 stock options and restricted stock were excluded in the calculation of diluted net loss per share because their effect would be anti-dilutive.

X

- 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
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

+ Details

Name:	us-gaap_EarningsPerSharePolicyTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeStatementAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration