Note 6 - Net (Loss) Per Share

3 Months Ended

Mar. 31, 2022

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 months ended March 31, 2022 and March 31, 2021.

	Three Months Ended March 31,
	2022			2021
Numerator:
Numerator for basic and diluted (loss) per share, net (loss) available to common shareholders	$	(1,622,270	)	$	(720,252	)
Denominator:
Denominator for basic (loss) per share, weighted average shares outstanding		20,280,575			19,931,935
Effect of dilutive securities		—			—
Denominator for diluted earnings per share, adjust weighted average shares and assumed conversion		20,280,575			19,931,935
Basic (loss) per common share	$	(0.08	)	$	(0.04	)
Diluted (loss) per common share and common share equivalent	$	(0.08	)	$	(0.04	)

The awards and options to purchase shares of common stock that were outstanding at March 31, 2022 and March 31, 2021 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive, are as follows:

	Three Months Ended March 31,
	2022		2021
Anti-dilutive awards and options		5,244,902		5,094,991