Note 6 - Per Share Amounts

3 Months Ended

Mar. 31, 2023

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.

The computation for the three-month periods ended March 31, 2023 and 2022 excluded approximately 6,000 and 50,000, 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-month periods ended March 31, 2023 and 2022 included approximately 123,000 and 123,000, respectively, of the Company's restricted stock awards that are fully vested but are deferred for issuance. 

The following table sets forth the computation of basic and diluted earnings per share for the three-month periods ended March 31, 2023 and 2022:

	Three Months Ended March 31,
	2023		2022
Net income attributable to American Shared Hospital Services	$	188,000	$	269,000
Weighted average common shares for basic earnings per share		6,306,000		6,201,000
Dilutive effect of stock options and restricted stock awards		166,000		98,000
Weighted average common shares for diluted earnings per share		6,472,000		6,299,000
Basic earnings per share	$	0.03	$	0.04
Diluted earnings per share	$	0.03	$	0.04