Note 3 - Shares - Basic and Diluted

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

3.

SHARES – BASIC AND DILUTED

Basic and diluted weighted-average shares outstanding for the

three

and

nine

months ended

September 30, 2020

and

2019

were as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	(unaudited)				(unaudited)
	2020		2019		2020		2019
Basic and diluted		19,291,102		19,191,848		19,275,696		19,172,772
Potentially dilutive		-		2,500		-		8,382

Basic net loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding. Diluted net loss per common share is computed similar to basic net loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares from share-based compensation arrangements had been issued.

Potentially dilutive shares arise from non-qualified stock options to purchase common stock. The treasury stock method is utilized to determine the number of potentially dilutive shares related to the outstanding non-qualified stock options.