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Note V - Earnings Per Share (EPS)
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]
NOTE V
—
EARNINGS PER SHARE (EPS)
 
The Company's basic EPS is calculated using net income (loss) available to common shareholders and the weighted-average number of shares outstanding during the reporting period. Diluted EPS includes the effect from potential issuance of common stock, such as stock issuable pursuant to the exercise of stock options and warrants and the assumed conversion of preferred stock.
 
The reconciliation of the numerator of the basic and diluted EPS calculations for the following fiscal years ended
December 
31:
 
   
2020
    
2019
  
                 
Basic Numerator:
  
 
 
 
  
 
 
 
Net Loss
   $
(9,673,987
)
   $
(14,588,700
)
Deemed dividend from trigger of anti-dilution provision feature
    
(112,686
)
    
-
  
Net loss available to common stockholders (basic and diluted EPS)
   $
(9,786,673
)
   $
(14,588,700
)
 
The following table summarizes the weighted average securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive due to net losses.
 
   
Years ended December 31,
  
   
2020
    
2019
  
                 
Stock options
    
1,002
      
118
  
Restricted stock
    
3,098
      
-
  
Convertible notes
    
-
      
182,343
  
Potentially dilutive securities
    
4,100
      
182,461
  
 
Items excluded from the diluted per share calculation because the exercise price was greater than the average market price of the common shares:
 
   
Years ended December 31,
  
   
2020
    
2019
  
                 
Stock options
    
223,899
      
218,716
  
Warrants
    
4,689,387
      
423,559
  
Total
    
4,913,286
      
642,275