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NOTE
E – EARNINGS (LOSS) PER SHARE
Basic
earnings (loss) per share is calculated by dividing the net loss by the weighted average number of outstanding common shares during the
period. Diluted earnings (loss) per share data includes the dilutive effects of options, warrants and restricted stock units. Potentially
dilutive shares of 548,750 and 726,250 at September 30, 2021 and 2020, respectively, consisted of options and restricted stock units.
Computations
of basic and diluted weighted average common shares outstanding were as follows:
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Nine Months Ended
September 30, |
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Three Months Ended
September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
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| Weighted-average common shares outstanding – basic |
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24,136,506 |
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23,992,203 |
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23,934,361 |
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24,012,333 |
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| Dilutive effect of options and restricted stock units |
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470,736 |
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— |
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385,870 |
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509,375 |
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| Weighted-average common shares outstanding – diluted |
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24,607,242 |
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23,992,203 |
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24,320,231 |
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24,521,708 |
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| Options and restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive |
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— |
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726,250 |
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— |
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— |
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