XML 44 R14.htm IDEA: XBRL DOCUMENT v3.20.1
NET INCOME (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2019
NET INCOME (LOSS) PER SHARE [Abstract]  
NET INCOME (LOSS) PER SHARE
NOTE 8 - NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is based on the weighted average number of common shares outstanding. Diluted net income (loss) per share is based on the weighted average number of common shares outstanding and the dilutive effect of outstanding stock options:

  
2019
  
2018
 
       
Net income (loss)
 
$
217,594
  
$
(179,332
)
         
Weighted average common shares outstanding – basic
  
10,722,401
   
10,722,401
 
Potential shares exercisable under stock option plans
  
13,700
   
--
 
LESS: Shares which could be repurchased under treasury stock method
  
(11,562
)
  
--
 
Weighted average common shares outstanding – diluted
  
10,724,539
   
10,722,401
 
         
Net income (loss) per share:
        
Basic
 
$
0.02
  
$
(0.02
)
Diluted
 
$
0.02
  
$
(0.02
)

For fiscal 2019, the computation of diluted net income per share excludes the effects of the assumed exercise of 369,455 options, since their inclusion would be anti-dilutive as their exercise prices were above market value. All outstanding stock options were excluded from the computation of diluted loss per share for the year ended December 31, 2018 as they were anti-dilutive.