2018

2017

Numerator:

Net income attributable to 3PEA International, Inc.

$

2,588,054

$

1,791,141

Denominator:

Weighted average common shares:

Denominator for basic calculation

45,483,693

43,397,477

Weighted average effects of potentially diluted common stock:

Stock options (calculated under treasury method)

829,043

–

Unvested restricted stock grants

6,035,000

4,640,000

Denominator for fully diluted calculation

52,347,736

48,037,477

Net income per common share:

Basic

$

0.06

$

0.04

Fully diluted

$

0.05

$

0.04