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Earnings Per Share
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

10.    Earnings Per Share

Basic earnings per share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period, including stock options and warrants, using the treasury stock method. Diluted EPS excludes all potentially dilutive shares of common stock if their effect is anti-dilutive.

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2021

    

2020

    

2021

    

2020

Basic

 

19,449,116

 

19,132,244

19,355,795

 

19,001,321

 

Effect of exercise of warrants

 

 

 

 

Effect of exercise of stock options

Diluted

 

19,449,116

 

19,132,244

19,355,795

 

19,001,321

 

As a result of the net loss for all periods presented, the Company calculated diluted earnings per share using basic weighted average shares outstanding for such period, as utilizing diluted shares would be anti-dilutive to loss per share.

The computation of diluted EPS excludes the following potentially dilutive securities because their inclusion would be anti-dilutive:

 

Three Months Ended

Six Months Ended

 

June 30, 

June 30, 

    

2021

    

2020

    

2021

    

2020

Stock options and warrants

6,427,640

 

8,119,940

6,427,640

 

8,119,940