Note 4 - Loss Per Share

9 Months Ended

Jun. 29, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

4—LOSS

PER SHARE

Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the reporting period. Diluted loss per share is computed similarly to basic loss per share, however, when there is a year-to-date loss, potential common shares are

not

included in the computation of diluted loss per share, because to do so would be antidilutive. Approximately

775,000

stock options were excluded from the computations of diluted earnings per share for the

three

and

nine

months ended

June 29, 2018,

respectively, and

650,000

stock options for the

three

and

nine

months ended

June 30, 2017,

respectively, because their effect would have been anti-dilutive. The computations for basic and diluted earnings per share are as follows:

	Three months ended						Nine months ended
	June 29, 2018			June 30, 2017			June 29, 2018			June 30, 2017
Numerator:
Net loss	$	(294	)	$	(877	)	$	(2,359	)	$	(3,605	)
Denominator:
Weighted average shares outstanding
Basic		13,224			13,224			13,224			13,224
Effect of dilutive securities		0			0			0			0
Diluted		13,224			13,224			13,224			13,224
Loss per common share - basic and diluted:
Basic and diluted loss per share	$	(0.02	)	$	(0.07	)	$	(0.18	)	$	(0.27	)