Note 6 - Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 6. Net Income (Loss) Per Share

Basic income (loss) per share (EPS) was computed by dividing net income (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 income (loss) for the three months ended March 31, 2023 and March 31, 2022.

	Three Months Ended March 31,
	2023		2022
Numerator:
Numerator for basic and diluted income (loss) per share, net income (loss) available to common shareholders	$	14,833	$	(1,622,270	)
Denominator:
Denominator for basic income (loss) per share, weighted average shares outstanding		20,122,972		20,280,575
Effect of dilutive securities		6,385,900		—
Denominator for diluted earnings per share, adjust weighted average shares and assumed conversion		26,508,872		20,280,575
Basic income (loss) per common share	$	0.00	$	(0.08	)
Diluted income (loss) per common share and common share equivalent	$	0.00	$	(0.08	)

The awards and options to purchase shares of common stock that were outstanding at March 31, 2023 and March 31, 2022 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,
	2023		2022
Anti-dilutive awards and options		6,385,900		5,244,902