Note

Basic

and Diluted N

oss

per S

hare

Basic net loss per share attributable to Avalon Holdings Corporation common shareholders for the years ended

December 31, 2019

and

2018

is computed by dividing the net loss by the weighted average number of common shares outstanding, which was

3,875,431

for

2019

and

3,813,796

for

2018.

Diluted net income (loss) per share attributable to Avalon Holdings Corporation common shareholders is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus any weighted common equivalent shares determined to be outstanding during the period using the treasury method. The weighted common equivalent shares included in the calculation are related to stock options granted by Avalon where the weighted average market price of Avalon’s common stock for the period presented is greater than the option exercise price of the stock option.

For the years ended

December 31, 2019

and

2018,

the diluted per share amounts reported are equal to the basic per share amounts because Avalon was in a net loss position and as a result, such dilution would be considered anti-dilutive. Assuming dilution, the weighted average number of common shares outstanding for the years ended

December 31, 2019

and

2018

was

3,903,430

and

3,914,079,

respectively.

The loss per share calculations for the years ended

December 31, 2019

and

2018

are as follows (in thousands, except per share amounts):

	2019			2018
Net loss attributable to Avalon Holdings Corporation common shareholders	$	(455	)	$	(1,144	)

Shares used in computing basic loss per share		3,875			3,814
Potentially dilutive shares from stock options		-			-
Shares used in computing diluted loss per share		3,875			3,814

Loss per share attributable to Avalon Holdings Corporation common shareholders
Basic and diluted net loss per share	$	(0.12	)	$	(0.30	)