Note 3 - Earnings Per Share

9 Months Ended

Sep. 30, 2020

NOTE

— EARNINGS PER SHARE

The following table presents a reconciliation of basic and diluted earnings per share for the

three

and

nine

months ended

September 30, 2020

and

2019

, as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020		2019
Basic earnings per share calculation:
Net (loss) income	$	(1,003	)	$	(898	)	$	480	$	(2,958	)
Weighted average number of common shares outstanding		16,866,134			16,235,961			16,741,481		16,024,217
Basic net (loss) income per share	$	(0.06	)	$	(0.06	)	$	0.03	$	(0.18	)
Diluted earnings per share calculation:
Net (loss) income	$	(1,003	)	$	(898	)	$	480	$	(2,958	)
Weighted average number of common shares outstanding		16,866,134			16,235,961			16,741,481		16,024,217
Common stock equivalents:
Non-vested stock awards (1)		—			—			536,920		—
Weighted average number of common shares outstanding		16,866,134			16,235,961			17,278,401		16,024,217
Diluted net (loss) income per share	$	(0.06	)	$	(0.06	)	$	0.03	$	(0.18	)

(

)

Stock options and restricted stock units granted and outstanding of

1,323,217

and

1,502,196

as of

September 30, 2020

and

September 30, 2019

, respectively, are excluded from the computation of diluted earnings due to the anti-dilutive effect as a result of the Company's net loss for the

three

months ended

September 30, 2020

and the

three

and

nine

months ended

September 30, 2019.