5. BASIC AND FULLY DILUTED NET INCOME PER COMMON SHARE

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

BASIC AND FULLY DILUTED NET INCOME PER COMMON SHARE

5.        BASIC AND FULLY DILUTED NET INCOME PER COMMON SHARE

The following table sets forth the computation of basic and fully diluted net income per common share for the three months ended June 30, 2019 and 2018:

	2019		2018
Numerator:
Net income attributable to Paysign, Inc.	$	1,738,791	$	732,056
Denominator:
Weighted average common shares:
Denominator for basic calculation		47,310,209		45,560,692
Weighted average effects of potentially diluted common stock:
Stock options (calculated using the treasury method)		2,287,387		662,500
Unvested restricted stock grants		5,370,000		5,765,000
Denominator for fully diluted calculation		54,967,595		51,988,192
Net income per common share:
Basic	$	0.04	$	0.02
Fully diluted	$	0.03	$	0.01

The following table sets forth the computation of basic and fully diluted net income per common share for the six months ended June 30, 2019 and 2018:

	2019		2018
Numerator:
Net income attributable to Paysign, Inc.	$	2,610,462	$	1,144,563
Denominator:
Weighted average common shares:
Denominator for basic calculation		47,136,608		45,359,479
Weighted average effects of potentially diluted common stock:
Stock options (calculated using the treasury method)		2,158,289		422,253
Unvested restricted stock grants		5,444,586		5,655,806
Denominator for fully diluted calculation		54,739,483		51,437,538
Net income per common share:
Basic	$	0.06	$	0.03
Fully diluted	$	0.05	$	0.02