LOSS PER SHARE BASIC AND FULLY DILUTED

12 Months Ended

Dec. 31, 2020

Earnings Per Share, Basic and Diluted [Abstract]

LOSS PER SHARE BASIC AND FULLY DILUTED

Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per common share is computed similar to basic earnings per common share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock. Diluted weighted average common shares include common stock potentially issuable under the Company’s convertible preferred stock, warrants and vested and unvested stock options.

The following securities were not included in the diluted net earnings per share calculation because their effect was anti-dilutive as of the periods presented (in thousands):

	For the years ended
	December 31,
	2020		2019
Options		750,294		801,325
Series A convertible preferred shares		5,564,296		4,616,268
Warrants		4,033,769		4,033,769
Total		10,348,359		9,451,361