BASIC AND DILUTED EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Earnings Per Share, Basic and Diluted

The following table is a reconciliation of the numerator and denominators used in the earnings per share calculation:


	For the Three Months Ended March 31,
	2020								2019
	Income (Numerator)		Weighted Average Shares (Denominator)	Per-Share Amount		Income (Numerator)		Weighted Average Shares (Denominator)	Per-Share Amount
Basic EPS
Net income (loss) available to common stockholders	$	(365,264)	47,492,441	$	(0.01)	$	1,668,618	47,437,424	$	0.04

Effect of Dilutive Securities
Stock options & RSUs	—		—			—		646,966

Diluted EPS
Net income available to common stockholders + assumed conversions	$	(365,264)	47,492,441	$	(0.01)	$	1,668,618	48,084,390	$	0.03

Stock options and RSU's to purchase 784,769 shares of common stock at a weighted average price of $1.28 per share were outstanding during the three months ended March 31, 2020, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These stock options and RSU's, which expire between May 2020 and March 2024, were still outstanding at March 31, 2020.

Stock options to purchase 245,600 shares of common stock at a weighted average price of $3.88 per share were outstanding during the three months ended March 31, 2019, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These options, which expire between November 2019 and May 2020, were still outstanding at March 31, 2019.