Note 8 - Earnings Per Share Attributable to Common Shareholder

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 8 – Earnings Per Share Attributable to Common Shareholder:

Basic net earnings (loss) per share of common stock is calculated by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted net earnings (loss) per share of common stock is computed by giving effect to all potentially dilutive securities.

The following table includes adjustments between net income and net income attributable to common stockholders for the three months ended June 30, 2020.

	Three Months Ended
	June 30, 2020
Net Income (Loss) Attributable to Common Stockholders	$	153,095
Weighted Average Common Shares Outstanding, Basic		40,338,982
Dilutive Effect of Share-Based Awards:
Service Period Stock Options		1,032,095
Restricted Stock Units		113,617
Performance		25,125
Weighted Average Common Shares Outstanding, Diluted		41,509,819
Basic Earnings per Share	$	0.00
Diluted Earnings per Share	$	0.00

The potentially dilutive securities are as follows:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2019		2020		2019
Service Period Stock Options		1,519,431		1,325,836		1,602,279
Restricted Stock Units		230,057		220,320		239,602
Performance Stock Options		24,246		30,793		24,246
Total		1,773,734		1,576,949		1,866,127

For the six months ended June 30, 2020 and for the three and six months ended June 30, 2019, diluted net loss per share of common stock is the same as basic net loss per share of common stock, due to the fact that potentially dilutive securities would have an antidilutive effect as the Company incurred a net loss during such periods.