Note 2 - Earnings Per Share

3 Months Ended

Mar. 31, 2021

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, 2021

and

2020

 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 Months Ended March 31,
	2021		2020
Warrants to purchase common stock - liability classified		56,735		54,669
Warrant to purchase common stock - equity classified		94,108		—
Conversion of 2020/21 Notes		—		6,713,817
Outstanding options to purchase common stock		1,517		1,561
Stock appreciation rights		67,739		67,739
Total		220,099		6,837,786