Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Loss per Share

v3.20.1
Note 6 - Loss per Share
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]
6
.
Loss
Per Share
 
Basic loss per share excludes dilution and is computed by dividing loss available to common shareholders by the weighted-average number of shares outstanding for the period. Diluted earnings (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
64,076
shares and
268,926
shares from stock options were excluded from diluted shares for the
three
months ended
March 31, 2020
and
2019,
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 three months ended March 31, 2020:
                        
Loss available to common shareholders
   $
(126,339
 )    
11,211,760
     $
(0.01
 )
Effect of dilutive stock options
    
-
      
-
      
-
  
Diluted net loss per common share for the three months ended March 31, 2020:
   $
(126,339
 )    
11,211,760
     $
(0.01
 )
                         
Basic net loss per common share for the three months ended March 31, 2019:
                        
Loss available to common shareholders
   $
(190,853
 )    
11,201,760
     $
(0.02
 )
Effect of dilutive stock options
    
-
      
-
      
-
  
Diluted net loss per common share for the three months ended March 31, 2019
   $
(190,853
 )    
11,201,760
     $
(0.02
 )