Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

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EARNINGS (LOSS) PER SHARE
6 Months Ended
Jun. 30, 2021
Net Income (Loss) Per Share  
EARNINGS (LOSS) PER SHARE

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 685,000 and 862,500 at June 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:

                                 
   

Six Months Ended
June 30,

   

Three Months Ended
June 30,

 
   

2021

   

2020

   

2021

   

2020

 
                                 
Weighted-average common shares outstanding – basic     24,106,169       23,987,715       23,839,455       23,945,916  
                                 
Dilutive effect of options, warrants and restricted stock units     772,088                    
                                 
Weighted-average common shares outstanding – diluted     24,878,257       23,987,715       23,839,455       23,945,916  
                                 
Options and restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive           862,500       685,000       862,500