WaveDancer, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

10. (Loss) Earnings Per Share

10. (Loss) Earnings Per Share

12 Months Ended

Dec. 31, 2016

Basic earnings 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 earnings 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 following is a reconciliation of the amounts used in calculating basic and diluted net loss per common share.

	Net (Loss) Income			Shares		Per Share Amount
Basic net loss per common share for the year ended December 31, 2016:
Loss available to common stockholders	$	(553,681	)		11,201,760	$	(0.05	)
Effect of dilutive stock options		-			-		-
Diluted net loss per common share for the year ended December 31, 2016:	$	(553,681	)		11,201,760	$	(0.05	)

Basic net income per common share for the year ended December 31, 2015:
Income available to common stockholders	$	78,330			11,201,760		0.01
Effect of dilutive stock options		-			108,627		-
Diluted net income per common share for the year ended December 31, 2015:	$	78,330			11,310,387		0.01