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Note 7 - Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 7. Net Income (Loss) Per Share

 

Basic income (loss) per share (EPS) was computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted EPS differs from basic EPS due to the assumed conversion of potentially dilutive awards and options that were outstanding during the period. The following is a reconciliation of the numerators and the denominators of the basic and diluted per share computations for net income (loss) for the three and nine months ended September 30, 2021 and September 30, 2020.

 

  

Three Months Ended September 30,

  

Nine Months Ended September 30,

 
  

2021

  

2020

  

2021

  

2020

 

Numerator:

                

Numerator for basic and diluted income (loss) per share, net income (loss) available to common shareholders

 $141,234  $(936,017) $(360,535) $(3,059,195)

Denominator:

                

Denominator for basic (loss) per share, weighted average shares outstanding

  20,033,515   15,474,171   19,986,279   13,924,803 

Effect of dilutive securities

  4,902,002          

Denominator for diluted earnings per share, adjust weighted average shares and assumed conversion

  24,935,517   15,474,171   19,986,279   13,924,803 

Basic income (loss) per common share

 $0.01  $(0.06) $(0.02) $(0.22)

Diluted income (loss) per common share and common share equivalent

 $0.01  $(0.06) $(0.02) $(0.22)

 

The awards and options to purchase shares of common stock that were outstanding at September 30, 2021 and September 30, 2020 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive, are as follows:

 

  

Nine Months Ended September 30,

 
  

2021

  

2020

 

Anti-dilutive awards and options

  4,902,002   5,467,780