Note 18 - Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

18

–

NET INCOME (LOSS) PER SHARE

During periods when there is a net loss, all potentially dilutive shares are anti-dilutive and are excluded from the calculation of diluted net loss per share. Based on the Company's application of the as-converted and treasury stock methods, all common stock equivalents were excluded from the computation of diluted earnings per share due to net losses as of

December 31, 2019.

During

2020,

the potential common shares from the Tesla Agreement, which are contingent on certain events as described in Note

7,

were excluded as the effect of conversion was anti-dilutive. Common stock equivalents that were excluded for the years ended

December 31, 2020

and

2019

because they were anti-dilutive are as follows:

	2020		2019
Convertible debt		-		4,930,555
Tesla agreement		1,000,000		1,000,000

The following table shows the computation of basic and diluted earnings per share for

2020:

	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Basic EPS
Income available to common stockholders	$	14,249,645		27,264,072	$	0.52
Effect of Dilutive Securities
Convertible debt		585,392		5,468,438
Diluted EPS
Income available to common stockholders with assumed conversions	$	14,835,037		32,732,510	$	0.45