Note 7 - Earnings Per Share

3 Months Ended

Mar. 31, 2019

NOTE

- EARNINGS PER SHARE

The following data shows the amounts used in computing earnings per share and the effect on income and the weighted average number of shares of potential dilutive common stock for the

three

months ended

March 31, 2019

and

2018:

	For the Three Months Ended March 31 ,
	201 9		201 8
Net Gain (Loss) attributable to LiqTech International Inc.	$	34,244	$	(1,533,289	)
Weighted average number of common shares used in basic earnings per share		18,267,068		11,121,838
Effect of dilutive securities, stock options and warrants		878,807		-
Weighted average number of common shares and potential dilutive common shares outstanding used in dilutive earnings per share		19,145,875		11,121,838

For the

three

months ended

March 31, 2019,

the Company had

25,000

options outstanding to purchase common stock at

$2.96

per share and

100,000

warrants outstanding to purchase common stock at

$6.60

per share.

For the

three

months ended

March 31, 2018,

the Company had

113,750

options outstanding to purchase common stock at

$2.96

per share and

100,000

warrants outstanding to purchase common stock at

$6.60

per share, which were

not

included in the loss per share computation because their effect would be anti-dilutive.