NET (LOSS) INCOME PER SHARE COMPUTATIONS

6 Months Ended

Jun. 30, 2020

NET (LOSS) INCOME PER SHARE COMPUTATIONS

NET (LOSS) INCOME PER SHARE COMPUTATIONS

3.    NET (LOSS) INCOME PER SHARE COMPUTATIONS

The following is a reconciliation of the numerator and denominator of the earnings per common share computations for the three and six months ended June 30, 2020 and 2019:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Net (loss) income (numerator) amounts used for basic and diluted per share computations:	$	(1,181,197)	$	957,757	$	(925,976)	$	1,014,329
Weighted average shares (denominator) of common stock outstanding:
Basic		4,679,122		4,586,734		4,669,350		4,573,106
Plus dilutive effect of stock options		—		8,982		3,097		15,221
Diluted		4,679,122		4,595,716		4,672,447		4,588,327
Net (loss) income per common share:
Basic	$	(0.25)	$	0.21	$	(0.20)	$	0.22
Diluted		(0.25)		0.21		(0.20)		0.22

Options to purchase 9,000 shares of common stock at an average price of $13.30 per share were outstanding but not included in the computation of diluted net (loss) income per share for the six months ended June 30, 2020 and June 30, 2019 because the exercise price of the options exceeded the market price of the Company’s common stock at June 30, 2020 and June 30, 2019.