RESTATEMENT

9 Months Ended

Sep. 30, 2021

Accounting Changes and Error Corrections [Abstract]

RESTATEMENT

1. RESTATEMENT

The Company restated the earnings per share for the periods presented in the consolidated statement of operations and earnings per share reconciliation table in Note 2. The following table provides the summary of restated numbers.

	For the Three Months Ended							For the Nine Months Ended
	September 30, 2021							September 30, 2021
	As Previously Reported		Restated		Net Effect			As Previously Reported		Restated		Net Effect
CONSOLIDATED STATEMENT OF OPERATIONS
Net Income (Loss) Per Share - Diluted	$	0.20	$	0.17	$	(0.03	)
Weighted Average Common Shares Outstanding - Diluted		15,058,918		22,063,584		7,004,666			14,515,710		14,522,663		6,953
NOTE 2 Earnings (Loss) Per Share
Numerator:
Effect of dilutive securities:		-		631,400		631,400
Diluted net income (loss)		3,077,000		3,708,400		631,400
Denominator:
Options		140,957		141,987		1,030			145,884		152,565		6,681
Warrants		19,367		19,359		(8	)		19,683		19,667		(16	)
Restricted Stock Awards		-		-		-			-		288		288
Convertible Preferred Stock		-		7,003,644		7,003,644			-		-		-
Weighted average common shares outstanding and assumed conversion - diluted		15,058,918		22,063,584		7,004,666			14,515,710		14,522,663		6,953
Diluted net income (loss) per common share	$	0.20	$	0.17	$	(0.03	)
(a) – Outstanding shares of anti-dilutive securities excluded:
Common stock securities		9,379,890		5,025,168		(4,354,722	)		9,379,890		5,025,168		(4,354,722	)
Convertible preferred stock Securities*		-		12,000		12,000			-		1,272,555		1,272,555

* Preferred stock is convertible into common shares on a 5.556 to 1 ratio.