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