Net Income Per Share, Basic and Diluted

9 Months Ended

Sep. 30, 2020

Net Income Per Share, Basic and Diluted

Net Income Per Share, Basic and Diluted

10.           Net Income Per Share, Basic and Diluted

Basic earnings per share (“EPS”) represent net income attributable to common stockholders divided by the weighted average number of common shares outstanding during the measurement period. Diluted EPS represents net income attributable to common stockholders divided by the weighted average number of common shares outstanding during the measurement period while also giving effect to all potentially dilutive common shares that were outstanding during the period using the treasury stock method.

Basic and diluted EPS is calculated as follows:

	Three months ended September 30,
	2020					2019
	Shares	Net Income		EPS		Shares	Net Income		EPS
Basic	6,578,808	$	4,866	$	0.74	6,492,501	$	7,779	$	1.20
Common stock warrants	70,291		—			155,490		—
Common stock options	1,389,414		—			1,460,062		—
Diluted	8,038,513	$	4,866	$	0.61	8,108,053	$	7,779	$	0.96

	Nine months ended September 30,
	2020					2019
	Shares	Net Income		EPS		Shares	Net Income		EPS
Basic	6,553,522	$	8,614	$	1.31	6,410,588	$	12,251	$	1.91
Common stock warrants	69,682		—			190,144		—
Common stock options	1,423,556		—			1,521,264		—
Diluted	8,046,759	$	8,614	$	1.07	8,121,996	$	12,251	$	1.51

The were no weighted average shares outstanding of common stock equivalents excluded from the computation of diluted net loss per share for the three or nine months ended September 30, 2020 and 2019.