Note 5 - Income Per Share

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

5

– Income Per Share

Net income (loss) per common share information is as follows:

	Three months ended June 30,					Six months ended June 30,
	2020		2019			2020			2019
Basic earnings per common share:
Net income (loss) allocable to common shareholders	$	154,030	$	(3,721	)	$	(62,255	)	$	77,084
Weighted average basic shares outstanding		35,588,775		35,577,786			35,588,775			35,573,305
Basic income (loss) per common share	$	-	$	-		$	-		$	-
Dilutive earnings per common share:
Net income (loss) allocable to common shareholders	$	154,030	$	(3,721	)	$	(62,255	)	$	77,084
Weighted average shares outstanding - basic		35,588,775		35,577,786			35,588,775			35,573,305
Diluted effect:
Stock options		-		-			-			41,516
Unvested restricted stock		-		-			-			150,290
Weighted average dilutive shares outstanding		35,588,775		35,577,786			35,588,775			35,765,111
Dilutive income (loss) per common share	$	-	$	-		$	-		$	-

Diluted income (loss) per share for the

three

and

six

months ended

June 30, 2020

and

2019

does

not

reflect issuance of the following potential common shares, as the effect would be antidilutive.

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Unvested restricted stock		429,000		447,000		429,000		80,000
Stock options		-		195,000		-		-