BASIC INCOME PER SHARE

3 Months Ended

Mar. 31, 2021

BASIC INCOME PER SHARE

BASIC INCOME PER SHARE

3.          BASIC INCOME PER SHARE

The Company has a simple capital structure consisting of common stock and preferred stock, with only shares of common stock outstanding. The Company had no stock options or any other dilutive instruments outstanding for the three months ended March 31, 2021 or 2020. Basic income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period.