Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2022

NOTE E – EARNINGS (LOSS) PER SHARE

Basic income (loss) per share is calculated by dividing the net income (loss) by the weighted average number of outstanding common shares during the period. Diluted per share data includes the dilutive effects of options and restricted stock units. Potentially dilutive shares of 1,171,250 and 696,250 at March 31, 2022 and 2021, respectively, consisted of options and restricted stock units.

Computations of basic and diluted weighted average common shares outstanding were as follows:

Schedule of Earnings per share
	Three Months Ended March 31,
	2022		2021
Weighted-average common shares outstanding – basic		23,909,115		24,107,879
Dilutive effect of options and restricted stock units		—		508,505
Weighted-average common shares outstanding – diluted		23,909,115		24,616,379
Options and restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive		1,171,250		—