3. Earnings (Loss) per Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Earnings (Loss) per Share

The following table sets forth the calculation of basic and diluted earnings per share for the three-month and nine-month periods ended September 30, 2019:

The following table sets forth the calculation of basic and diluted earnings per share for the three-month and nine-month periods ended September 30, 2020:

	Three Months Ended September 30, 2020
	Income  (Numerator)		Shares  (Denominator)		Per-Share Amount
Net income	$	83,498		22,215,512	$	.00
Effect of dilutive securities
Convertible notes		15,625		1,550,000
Diluted earnings per share	$	99,123		23,765,512	$	.00

	Nine Months Ended September 30, 2020
	Income (Numerator)		Shares (Denominator)		Per-Share Amount
Net income	$	524,198		22,215,512	$	.02
Effect of dilutive securities
Convertible notes		85,479		1,550,000
Diluted earnings per share
Net income	$	609,677		23,765,512	$	.03

The following table sets forth the calculation of basic and diluted earnings per share for the three-month and nine-month periods ended September 30, 2019:

	Three Months Ended September 30, 2019
	Income  (Numerator)		Shares  (Denominator)		Per-Share Amount
Net income	$	467,607		21,976,283	$	.02
Effect of dilutive securities
Options and warrants				20,775
Convertible notes		47,500		1,550,000
Diluted earnings per share
Net loss	$	515,107		23,547,058	$	.02

	Nine Months Ended September 30, 2019
	Income (Numerator)		Shares (Denominator)		Per-Share Amount
Net income	$	1,385,000		21,797,946	$	.06
Effect of dilutive securities
Options and warrants				20,755
Convertible notes		145,000		1,550,000
Diluted earnings per share
Net income	$	1,530,000		23,368,701	$	.07