Note 2 - Earnings Per Share

6 Months Ended

Jun. 30, 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

June 30

,

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:

	Three  and Six Months ended June 30,
	2020	2019
Warrants to purchase common stock - liability classified	50,812	55,963
Warrant to purchase common stock - equity classified	—	6
Conversion of 2020/21 Notes	6,780,958	—
Conversion of 2020 Notes	—	1,020,595
Outstanding options to purchase common stock	1,556	2,361
Stock appreciation rights	132,566	132,566
Unvested restricted common stock	—	1,538,184
Total	6,965,892	2,749,675