9. EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2020

Net income (loss) per share:

INCOME OR LOSS PER COMMON SHARE

NOTE 9: 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.

At March 31, 2020 and 2019, all such securities were anti-dilutive.