Note 13 - Net (Loss) Per Share

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

13.

Net (Loss) per Share

Basic (loss) per share (EPS) was computed by dividing net income 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 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).

	2020			2019
Numerator:
Numerator for basic and diluted earnings per share, net (loss) available to common shareholders	$	(2,906,183	)	$	(5,115,747	)
Denominator:
Denominator for basic (loss) per share, weighted average shares outstanding		15,428,798			12,958,067
Effect of dilutive securities-stock options and restricted awards		—			—
Denominator for diluted (loss) per share, adjusted weighted average shares and assumed conversion		15,428,798			12,958,067
Basic (loss) per common share	$	(0.19	)	$	(0.39	)
Diluted (loss) per common share and common share equivalent	$	(0.19	)	$	(0.39	)

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

December 31, 2020

and

2019

that were

not

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

	Year Ended
	December 31,
	2020		2019
Anti-dilutive awards and options		4,946,222		4,023,780