WaveDancer, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Earnings (Loss) Per Share

Note 8 - Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2021

8.	Earnings (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 from stock options were excluded from diluted shares for the

three

months ended

March 31, 2020.

The following is a reconciliation of the amounts used in calculating basic and diluted net income (loss) per common share:

	Net income					Per share
	(loss)			Shares		amount
Basic net income per common share for the three months ended March 31, 2021:
Income available to common shareholders	$	270,815			11,282,671	$	0.02
Effect of dilutive stock options		-			1,003,545		-
Diluted net income per common share for the three months ended March 31, 2021:	$	270,815			12,286,216	$	0.02

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	)