Annual report pursuant to Section 13 and 15(d)

Note 11 - Loss per Share

v3.20.1
Note 11 - Loss per Share
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
11.
         Loss Per Share
 
Basic loss per share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of shares outstanding for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, except for periods when the Company reports a net loss because the inclusion of such items would be antidilutive. The antidilutive effect of
67,312
shares and
452,724
from stock options were excluded from diluted shares for the year ended
December 31, 2019
and
2018,
respectively.
 
The following is a reconciliation of the amounts used in calculating basic and diluted net loss per common share.
 
                   
Per share
  
   
Net loss
    
Shares
    
amount
  
Basic net loss per common share for the year ended December 31, 2019:
                        
Loss available to common shareholders
   $
(717,246
 )    
11,208,308
     $
(0.06
 )
Effect of dilutive stock options
    
-
      
-
      
-
  
Diluted net loss per common share for the year ended December 31, 2019:
   $
(717,246
 )    
11,208,308
     $
(0.06
 )
                         
Basic net loss per common share for the year ended December 31, 2018:
                        
Loss available to common shareholders
   $
(51,034
 )    
11,201,760
     $
-
  
Effect of dilutive stock options
    
-
      
-
      
-
  
Diluted net loss per common share for the year ended December 31, 2018:
   $
(51,034
 )    
11,201,760
     $
-