Note 15 - Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

15. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of ordinary shares outstanding during the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the period, using the treasury stock method for options.

A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share calculations was as follows:

	Years Ended December 31
	2018		2017			2016
Net income (loss) (in thousands)	$	2,088	$	(6,145	)	$	(2,986	)
Weighted average shares outstanding (in thousands) – basic		1,300,795		1,288,977			1,282,141
Effect of dilutive securities:
Options and RSUs (in thousands)		30,027		-			-
Weighted average shares outstanding (in thousands) – diluted		1,330,822		1,288,977			1,282,141
Earnings (loss) per share – basic
Basic	$	-	$	-		$	-
Diluted	$	-	$	-		$	-

Certain outstanding options and RSUs were excluded from the computation of diluted EPS since their effect would have been anti-dilutive. The anti-dilutive stock options excluded and their associated exercise prices per share were

160,388,575

shares at

$0.0270

to

$0.1636

as of

December 31, 2018,

185,500,550

shares at

$0.0274

to

$0.1636

as of

December 31, 2017,

and

207,837,900

shares at

$0.0274

to

$0.1636

as of

December 31, 2016.

The anti-dilutive RSUs excluded were

6,214,513,

72,117,700

shares, and

57,937,850

shares as of

December 31, 2018,

2017,

and

2016,

respectively.