10. EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2019

Net loss per share:

EARNINGS PER COMMON SHARE

NOTE 10: EARNINGS PER COMMON SHARE

Basic earnings per share (“EPS”) is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS is calculated by dividing net income (loss) by the weighted-average number of common shares and dilutive common stock equivalents (warrants, nonvested stock awards and stock options) outstanding during the period. Diluted EPS reflects the potential dilution that could occur if options to purchase common stock were exercised for shares of common stock and all nonvested stock awards vest.

For the three and nine months ended September 30, 2019 and 2018 there were no potentially dilutive securities that were included in the computation of diluted earnings per share because their effect would be anti-dilutive.