INCOME (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2022

PER SHARE DATA:

INCOME (LOSS) PER SHARE

NOTE 3 – INCOME (LOSS) PER SHARE

The following table represents the reconciliation of the Company’s basic income (loss) per share and diluted income (loss) per share computations reported on the Condensed Consolidated Statements of Operations for the three months ended March 31, 2022, and 2021:

	Three Months Ended
	March 31
	2022			2021
Basic Income (loss) per share
Net income (loss)	$	(4,010,762	)	$	2,267,703
Weighted average shares outstanding		5,304,863			5,304,885
Basic income (loss) per share	$	(0.76	)	$	0.43
Diluted Income (loss) per share
Net income (loss)	$	(4,010,762	)	$	2,267,703
Weighted average shares outstanding		5,304,863			5,304,885
Effect of dilutive securities		-			-
Diluted shares outstanding		5,304,863			5,304,885
Diluted income (loss) per share	$	(0.76	)	$	0.43

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.