Note 9 - Basic and Diluted Loss Per Share

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

9.

BASIC AND DILUTED (LOSS) INCOME 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 Condensed 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

three

months ended

March 31, 2020

.

Excluded from the calculation of diluted EPS for the

three

months ended 

March 31, 2020

 were

695,204

restricted shares and

130,362

stock options, as such securities were anti-dilutive. Excluded from the calculation of diluted EPS for the 

three

months ended

March 31, 2019

 were 

419,600

restricted shares and

895,113

stock options, as such securities were anti-dilutive.