INCOME (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2021

PER SHARE DATA:

NOTE 5 - LOSS PER SHARE

NOTE 5 – LOSS PER SHARE

The following table represents the reconciliation of the Company’s basic loss per share and diluted loss per share computations reported on the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2021, and 2020:

	Three Months Ended						Nine Months Ended
	September 30						September 30
	2021			2020			2021			2020
Basic loss per share
Net loss	$	(2,510,198	)	$	(17,940,488	)	$	(1,649,305	)	$	(19,419,128	)
Weighted average shares outstanding		5,304,863			5,305,742			5,304,878			5,306,068
Basic loss per share	$	(0.47	)	$	(3.38	)	$	(0.31	)	$	(3.66	)
Diluted loss per share
Net loss	$	(2,510,198	)	$	(17,940,488	)	$	(1,649,305	)	$	(19,419,128	)
Weighted average shares outstanding		5,304,863			5,305,742			5,304,878			5,306,068
Effect of dilutive securities		-			-			-			-
Diluted shares outstanding		5,304,863			5,305,742			5,304,863			5,306,068
Diluted loss per share	$	(0.47	)	$	(3.38	)	$	(0.31	)	$	(3.66	)

Basic loss per share excludes the impact of common share equivalents and is based upon the weighted average common shares outstanding. Diluted loss per share utilizes the average market price per share when applying the treasury stock method in determining common share dilution. When outstanding stock options are dilutive, they are treated as common share equivalents for purposes of computing diluted earnings or losses per share and represent the difference between basic and diluted weighted average shares outstanding. In loss periods, stock options are excluded from the calculation of diluted loss per share, as the inclusion of stock options would have an anti-dilutive effect.