Annual report pursuant to Section 13 and 15(d)

Income (Loss) Per Share

Income (Loss) Per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Income (Loss) Per Share

Note D – Income (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 included the dilutive effects of stock options and restricted stock units. Potentially dilutive shares of 625,000 and 12,500 at December 31, 2022 and 2021, respectively, consist of restricted stock units. However, as the Company generated a net loss in 2022, all potentially dilutive shares were not reflected in diluted net loss per share because the impact of such instruments was anti-dilutive. Computations of basic and diluted weighted average common shares outstanding are as follows:

 Schedule of earnings per share                
    2022     2021  
Weighted-average common shares outstanding – basic     23,825,917       24,136,821  
Dilutive effect of restricted stock units and stock options  

Weighted-average common shares outstanding – diluted     23,825,917       24,530,568  
Restricted stock units excluded from the computation of diluted income per share because the effect of inclusion would have been anti-dilutive     625,000       12,500