INCOME PER SHARE

12 Months Ended

Dec. 31, 2019

Income Per Share

INCOME PER SHARE

NOTE 3 INCOME PER SHARE

Basic income per share computations are based on the weighted average number of shares outstanding during each year. Dilutive earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued relate to outstanding common stock warrants and are determined by the Treasury Method. For the years ended December 31, 2019 and 2018, there were no potential common shares. Basic and diluted net income per common share calculations follows:

(Amounts in thousands, except	For the years ended
share and per share data)	December 31,
		2019		2018
Net income	$	2,059	$	919
Weighted average shares outstanding		23,922,086		23,922,086
Weighted average dilutive shares outstanding		23,992,086		23,992,086
Basic and diluted income per share	$	0.09	$	0.04