Net Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2020

Basic income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted income (loss) per share reflects the potential dilution that could occur if stock options were exercised. The following is a reconciliation of the numerator and denominator used in the basic and diluted computation of net income (loss) per share:


	Three months ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net income (loss) attributable to Comstock Mining Inc.	$	17,330,062	$	386,897	$	18,342,836	$	(3,525,912)

Denominator:
Basic weighted average shares outstanding	32,082,972		20,012,581		29,210,777		17,496,437
Incremental shares	58,007		—		26,463		—
Diluted weighted average shares outstanding	32,140,979		20,012,581		29,237,240		17,496,437

Net income (loss) per common share:
Basic EPS	$	0.54	$	0.02	$	0.63	$	(0.20)
Diluted EPS	$	0.54	$	0.02	$	0.63	$	(0.20)