Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Earnings (Loss) Per Share

v3.21.2
Note 9 - Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

9.

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 and six months ended June 30, 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 June 30, 2021:

                       

Income available to common shareholders

  $ 43,157       11,980,397     $ -  

Effect of dilutive stock options

    -       684,870       -  

Diluted net income per common share for the three months ended June 30, 2021

  $ 43,157       12,665,267     $ -  
                         

Basic net loss per common share for the three months ended June 30, 2020:

                       

Income available to common shareholders

  $ (34,620 )     11,211,760     $ -  

Effect of dilutive stock options

    -       -       -  

Diluted net income per common share for the three months ended June 30, 2020:

  $ (34,620 )     11,211,760     $ -  

 

 

   

Net income

           

Per share

 
   

(loss)

   

Shares

   

amount

 

Basic net income per common share for the six months ended June 30, 2021:

                       

Income available to common shareholders

  $ 313,972       11,633,464     $ 0.03  

Effect of dilutive stock options

    -       671,718       -  

Diluted net income per common share for the six months ended June 30, 2021

  $ 313,972       12,305,182     $ 0.03  
                         

Basic net loss per common share for the six months ended June 30, 2020:

                       

Loss available to common shareholders

  $ (160,959 )     11,211,760     $ (0.01 )

Effect of dilutive stock options

    -       -       -  

Diluted net loss per common share for the six months ended June 30, 2020

  $ (160,959 )     11,211,760     $ (0.01 )