Note 16 - Earnings (Loss) Per Share - Common Stock ("EPS")

9 Months Ended

Sep. 30, 2020

16.	EARNINGS (LOSS) PER SHARE - COMMON STOCK (“EPS”)

The Company's basic EPS is calculated using net 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 convertible notes.

-Items excluded from the diluted per share calculation because the exercise price was greater than the average market price of the common shares:

	Three Months ended September 30,				Nine Months ended September 30,
	20 20		2019		2020		2019

Stock options		1,603,053		1,755,556		1,603,053		1,755,556
Warrants		5,651,889		5,780,978		5,651,889		5,780,978
Total		7,254,942		7,536,534		7,254,942		7,536,534

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 the net losses for the periods:

	Three Months ended September 30,				Nine Months ended September 30,
	2020		2019		2020		2019

Stock options		2,421		-		18,829		-
Warrants		318,600		-		2,945,913		-
Restricted stock		8,280		-		33,067		-
Convertible notes		-		1,912,454		-		1,143,293
Total		329,301		1,912,454		2,997,809		1,143,293