EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2021

EARNINGS PER SHARE

NOTE 9 - EARNINGS PER SHARE

NOTE 9 – EARNINGS PER SHARE

Basic earnings per share is calculated based on the weighted average number of common shares outstanding during each period. Diluted earnings per share is calculated based on these same weighted average shares outstanding plus the effect of potential shares issuable upon assumed exercise of stock options based on the treasury stock method.

Potential shares issuable upon the exercise of stock options are excluded from the calculation of diluted earnings per share to the extent their effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended						Six Months Ended
	June 30, 2021			June 30, 2020			June 30, 2021			June 30, 2020
(in thousands except per share data)
Numerator for basic and diluted
earnings (loss) per share:
Net income (loss)	$	(29	)	$	(1,057	)	$	(362	)	$	(1,611	)
Denominator for basic
earnings (loss) per share:
Weighted-average shares		8,517			8,302			8,469			8,261
Employee stock options and awards		-			-			-			-
Denominator for diluted
earnings (loss) per share:
Adjusted weighted-average shares &
assumed conversions of stock options		8,517			8,302			8,469			8,261
Basic and diluted
earnings (loss) per share:
Basic earnings (loss) per share	$	0.00		$	(0.13	)	$	(0.04	)	$	(0.19	)
Diluted earnings (loss) per share	$	0.00		$	(0.13	)	$	(0.04	)	$	(0.19	)

As all periods presented are net loss, excluded from the computation of diluted earnings per share were weighted average options to purchase shares that were anti-dilutive. For the three months ending June 30, 2021, there were no weighted average options to purchase antidilutive shares and for the six months ending June 30, 2021 there were 24,448 weighted average options to purchase antidilutive shares, For the three and six months ending June 30, 2020, respectively, there were 25,000 weighted average options to purchase antidilutive shares.