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1. Organization and Summary of Significant Accounting Policies: Earnings Per Share (Policies)
12 Months Ended
Dec. 31, 2019
Policies  
Earnings Per Share

Earnings Per Share

 

The Company is required to have dual presentation of basic earnings per share (“EPS”) and diluted EPS.  Basic EPS is computed as net income (loss) divided by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated based on the weighted average number of common shares outstanding during the period plus the effect of potentially dilutive common stock equivalents.

 

Potentially dilutive common stock equivalents consist of 120,000 and 120,000 stock options outstanding as of December 31, 2019 and 2018, respectively. As of December 31, 2019 and 2018, the potentially dilutive stock options were not included in the calculation of the diluted weighted average number of shares outstanding or diluted EPS as their effect would have been anti-dilutive.