Note 6 - Per Share Amounts

6 Months Ended

Jun. 30, 2022

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 three and six-month periods ended June 30, 2021, the potentially dilutive effects of approximately 48,000 and 42,000, of the Company’s stock options and 21,000 and 21,000, respectively, of the Company's unvested restricted stock awards were not considered for the reporting periods. The computation for the three and six-month periods ended June 30, 2022 excluded approximately 41,000 and 41,000, respectively, of the Company’s stock options because the exercise price of the options was higher than the average market price during the period. The weighted average common shares outstanding for basic earnings per share for the three and six-month periods ended June 30, 2022 included approximately 124,000 and 138,000 of the Company's restricted stock awards that are deferred for issuance or were issued during the periods, respectively. The weighted average common shares outstanding for basic earnings per share for the three and six-month periods ended June 30, 2021 included approximately 1,000 and 10,000 of the Company's restricted stock awards that were issued during the periods, respectively.  

The following table sets forth the computation of basic and diluted earnings per share for the three and six-month periods ended June 30, 2022 and 2021:

	Three Months Ended June 30,					Six Months Ended June 30,
	2022		2021			2022		2021
Net income (loss) attributable to American Shared Hospital Services	$	497,000	$	(87,000	)	$	766,000	$	(58,000	)
Weighted average common shares for basic earnings (loss) per share		6,203,000		5,802,000			6,187,000		5,801,000
Diluted effect of stock options and restricted stock awards		78,000		-			79,000		-
Weighted average common shares for diluted earnings (loss) per share		6,281,000		5,802,000			6,266,000		5,801,000
Basic earnings (loss) per share	$	0.08	$	(0.01	)	$	0.12	$	(0.01	)
Diluted earnings (loss) per share	$	0.08	$	(0.01	)	$	0.12	$	(0.01	)