Note 6 - Net (Loss) Per Share

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2022 and September 30, 2021.

	Three Months Ended September 30,					Nine Months Ended September 30,
	2022			2021		2022			2021
Numerator:
Numerator for basic and diluted income (loss) per share, net income (loss) available to common shareholders	$	(1,769,770	)	$	141,234	$	(5,332,385	)	$	(360,535	)
Denominator:
Denominator for basic income (loss) per share, weighted average shares outstanding		20,371,654			20,033,515		20,322,934			19,986,279
Effect of dilutive securities		—			4,902,002		—			—
Denominator for diluted earnings per share, adjust weighted average shares and assumed conversion		20,371,654			24,935,517		20,322,934			19,986,279
Basic income (loss) per common share	$	(0.09	)	$	0.01	$	(0.26	)	$	(0.02	)
Diluted income (loss) per common share and common share equivalent	$	(0.09	)	$	0.01	$	(0.26	)	$	(0.02	)

The awards and options to purchase shares of common stock that were outstanding at September 30, 2022 and September 30, 2021 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,
	2022		2021
Anti-dilutive awards and options		5,224,902		4,902,002