BASIC AND DILUTED EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

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


	For the Three Months Ended June 30,
	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	$	(808,503)	47,723,208	$	(0.02)	$	985,504	47,348,137	$	0.02

Effect of Dilutive Securities
Stock options & RSUs	—		—			—		776,071

Diluted EPS
Net income available to common stockholders + assumed conversions	$	(808,503)	47,723,208	$	(0.02)	$	985,504	48,124,208	$	0.02

Stock options and RSUs to purchase 534,924 shares of common stock at a weighted average price of $0.83 per share were outstanding during the three months ended June 30, 2020, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These stock options and RSUs, which expire between March 2021 and March 2024, were still outstanding at June 30, 2020.

Stock options to purchase 244,600 shares of common stock at a weighted average price of $3.88 per share were outstanding during the three months ended June 30, 2019, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These options, which expired between November 2019 and May 2020, were still outstanding at June 30, 2019.


	For the Six Months Ended June 30,
	2020								2019
	Income (Numerator)		Weighted Average Shares (Denominator)	Per-Share Amount		Income (Numerator)		Weighted Average Shares (Denominator)	Per-Share Amount
Basic EPS
Net income available to common stockholders	$	(1,173,767)	47,607,825	$	(0.02)	$	2,654,122	47,392,534	$	0.06

Effect of Dilutive Securities
Stock options & RSUs	—		—			—		800,315

Diluted EPS
Net income available to common stockholders + assumed conversions	$	(1,173,767)	47,607,825	$	(0.02)	$	2,654,122	48,192,849	$	0.06

Stock options and RSUs to purchase 555,866 shares of common stock at a weighted average price of $0.98 per share were outstanding during the six months ended June 30, 2020, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These stock options and RSUs, which expire between March 2021 and March 2024, were still outstanding at June 30, 2020.

Stock options to purchase 244,600 shares of common stock at a weighted average price of $3.88 per share were outstanding during the six months ended June 30, 2019, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These options, which expired between November 2019 and May 2020, were still outstanding at June 30, 2019.