Note 2 - Earnings Per Share

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

2.

Earnings Per Share

Basic earnings (loss) per sha

re is computed by dividing the net loss for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share (“EPS”) includes the dilutive effect of common stock equivalents and is computed using the weighted-average number of common stock and common stock equivalents outstanding during the reporting period. Diluted EPS for the

three

months ended

March 31, 2020

and

2019

excluded common stock equivalents because the effect of their inclusion would be anti-dilutive, or would decrease the reported loss per share.

The following table sets forth securities outstanding that could potentially dilute the calculation of diluted earnings per share:

	March 31,
	2020	2019
Warrants to purchase common stock - liability classified	54,669	55,963
Warrant to purchase common stock - equity classified	—	6
Conversion of 2020/21 Notes	6,713,817	—
Conversion of 2020 Notes	—	1,044,134
Outstanding options to purchase common stock	1,561	2,311
Stock appreciation rights	132,566	132,559
Unvested restricted common stock	—	284,300
Total	6,902,613	1,519,273