9. EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2021

Net income (loss) per share:

EARNINGS 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 effect of common stock equivalents (warrants, nonvested stock awards and stock options) using the treasury method.

In each relevant period, the net income used in the basic and dilutive EPS calculations is the same. The following table reconciles the weighted-average basic number of common shares outstanding and the weighted-average diluted number of common shares outstanding for the purpose of calculating basic and diluted EPS.

	Three Months Ended March 31,
	2021		2020
Weighted average common shares outstanding - basic		12,389		12,710
Dilutive effect of common stock equivalents		44		–
Weighted average common shares outstanding - diluted		12,432		12,710