8. BASIC AND FULLY DILUTED NET INCOME (LOSS) PER COMMON SHARE

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

BASIC AND FULLY DILUTED NET INCOME (LOSS) PER COMMON SHARE

8.      BASIC AND FULLY DILUTED NET INCOME (LOSS) PER COMMON SHARE

The following table sets forth the computation of basic and fully diluted net income (loss) per common share for the years ended December 31, 2020 and 2019:

	2020			2019
Numerator:
Net income (loss) attributable to Paysign, Inc.	$	(9,141,562	)	$	7,454,319
Denominator:
Weighted average common shares:
Denominator for basic calculation		49,272,494			47,436,754
Weighted average effects of potentially diluted common stock:
Stock options (calculated under treasury method)		–			2,079,669
Unvested restricted stock awards		–			5,033,946
Denominator for fully diluted calculation		49,272,494			54,550,369
Net income (loss) per common share:
Basic	$	(0.19	)	$	0.16
Fully diluted	$	(0.19	)	$	0.14

Due to the net loss for the year ended December 31, 2020, the effect of all potential common share equivalents was anti-dilutive, and therefore, all such shares were excluded from the computation of diluted weighted average shares outstanding for the period. The amount of potential common share equivalents excluded were 2,687,700 stock options and 2,232,689 unvested restricted stock awards for the year ended December 31, 2020.