Note 6 - Per Share Amounts

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 6.    Per Share Amounts

Per share information has been computed based on the weighted average number of common shares and dilutive common share equivalents outstanding. Based on the guidance provided in accordance with ASC 260 Earnings Per Share (“ASC 260”), potentially dilutive common stock equivalents, such as diluted stock options, are not considered when their inclusion in reporting earnings per share would be dilutive to reported losses incurred per share. Because the Company reported a loss for the nine-month period ended September 30, 2021 and the three and nine-month periods ended September 30, 2020 the potentially dilutive effects of approximately 48,000 of the Company’s stock options and 13,000 of the Company’s unvested restricted stock awards for the nine-month period ended September 30, 2021, and 10,000 of the Company’s stock options and 31,000 of the Company’s unvested restricted stock awards, respectively, were not considered for the three and nine-month periods ended September 30, 2020.  The computation for the three-month period ended September 30, 2021 excluded approximately 346,000 of the Company’s stock options because the exercise price of the options was higher than the average market price during the period.

The following table sets forth the computation of basic and diluted earnings per share for the three and nine-month periods ended September 30, 2021 and 2020:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2021		2020			2021			2020
Net income (loss) attributable to American Shared Hospital Services	$	33,000	$	(209,000	)	$	(25,000	)	$	(827,000	)
Weighted average common shares for basic earnings per share		6,103,000		6,049,000			5,824,000			6,060,000
Diluted effect of stock options and restricted stock awards		20,000		-			-			-
Weighted average common shares for diluted earnings per share		6,123,000		6,049,000			5,824,000			6,060,000
Basic earnings (loss) per share	$	0.01	$	(0.03	)	$	(0.00	)	$	(0.14	)
Diluted earnings (loss) per share	$	0.01	$	(0.03	)	$	(0.00	)	$	(0.14	)