Note 2 - Earnings Per Share

9 Months Ended

Sep. 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

and

nine

months ended

September 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 Nine Months ended September 30,
	2020		2019
Warrants to purchase common stock - liability classified		52,032		54,989
Warrant to purchase common stock - equity classified		2,682,166		—
Conversion of 2020/21 Notes		5,789,209		—
Conversion of 2020 Notes		—		997,914
Outstanding options to purchase common stock		1,552		1,564
Stock appreciation rights		132,566		132,566
Total		8,657,525		1,187,033