(LOSS) EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2021

(LOSS) EARNINGS PER SHARE

(LOSS) EARNINGS PER SHARE

14. (LOSS) EARNINGS PER SHARE

Basic (loss) earnings per share is computed by dividing net (loss) income by the weighted-average number of common shares outstanding during the period. Diluted (loss) earnings per share is computed by dividing net (loss) income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Numerator:
Net (loss) income	$	(1,992,680)	$	82,078	$	(9,791,099)	$	(886,053)
Denominator:
Weighted-average shares outstanding - Basic		12,689,317		11,271,379		11,897,019		11,261,694
Stock options and restricted shares		—		—		—		—
Weighted-average shares outstanding - Diluted		12,689,317		11,271,379		11,897,019		11,261,694
(Loss) income per share
-Basic	$	(0.16)		0.01		(0.82)		(0.08)
-Diluted	$	(0.16)		0.01		(0.82)		(0.08)

Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.

Due to the loss for the three and nine months ended September 30, 2021, approximately 39,825 and 39,825 options, respectively, were excluded from the calculation of diluted net loss per share.

Due to the options were out-of-money, approximately 100,890 options were excluded from the calculation of the diluted net income per share, for the three months ended September 30, 2020.

Due to the loss from continued operations for the nine months ended September 30, 2020 approximately 100,890 options were excluded from the calculation of diluted net loss per share.