Note 9 - Basic and Diluted Loss Per Share

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

9.

BASIC AND DILUTED LOSS PER SHARE

The Company computes net (loss) income per share in accordance with accounting guidance that requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the Consolidated Statement of Operations and Comprehensive (Loss) Income. Basic EPS is computed by dividing net (loss) income for the period by the weighted average number of shares outstanding during the period. Basic EPS includes common stock weighted for average number of shares issued during the period. Diluted EPS is computed by dividing net (loss) income for the period by the weighted average number of common shares outstanding during the period, increased by potentially dilutive common shares that were outstanding during the period. Diluted EPS excludes all potential dilutive shares if their effect is anti-dilutive. Potentially dilutive common shares include stock options and restricted stock (see Note

11

).

There were

no

potentially dilutive securities for the years ended

December 

31,

2019,

2018

and

2017.

Excluded from the calculation of diluted EPS for the years ended

December 

31,

2019,

2018

and

2017,

were

616,751,

125,249

and

77,715

restricted shares, respectively. Excluded from the calculation of diluted EPS for the years ended

December 

31,

2019,

2018

and

2017

were

629,866,

849,660

and

405,774

stock options, respectively, as such securities were anti-dilutive.