Note 6 - Net (Loss) Per Share

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

6.

Net (Loss) Per Share

Basic (loss) per share (EPS) was computed by dividing net (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted EPS differs from basic EPS due to the assumed conversion of potentially dilutive awards and options that were outstanding during the period. The following is a reconciliation of the numerators and the denominators of the basic and diluted per share computations for net (loss) for the 

three

and

nine

months ended

September 30, 2020

and

September 30, 2019

.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2020			2019			2020			2019
Numerator:
Numerator for basic and diluted (loss) per share, net (loss) available to common shareholders	$	(936,017	)	$	(1,239,034	)	$	(3,059,195	)	$	(3,587,534	)
Denominator:
Denominator for basic (loss) per share, weighted average shares outstanding		15,474,171			13,054,962			13,924,803			12,906,206
Effect of dilutive securities		—			—			—			—
Denominator for diluted earnings per share, adjust weighted average shares and assumed conversion		15,474,171			13,054,962			13,924,803			12,906,206
Basic (loss) per common share	$	(0.06	)	$	(0.09	)	$	(0.22	)	$	(0.28	)
Diluted (loss) per common share and common share equivalent	$	(0.06	)	$	(0.09	)	$	(0.22	)	$	(0.28	)

The awards and options to purchase shares of common stock that were outstanding at

September 30, 2020

and

September 30, 2019

that were

not

included in the computation of diluted earnings per share because the effect would have been anti-dilutive, are as follows:

	Nine Months Ended September 30,
	2020		2019
Anti-dilutive awards and options		5,244,265		3,868,935