Note 4 - Net Earnings Per Share

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

4

–

NET EARNINGS

PER SHARE

Basic net earnings per share has been computed by dividing net income or loss by the weighted average number of common shares outstanding.  

Diluted net earnings per share has been computed by dividing net earnings by the weighted average common shares outstanding plus dilutive securities or other contracts to issue common stock as if these securities were exercised or converted to common stock.

The following table sets forth the computation of basic and diluted net income or loss per share for the periods indicated, in thousands, except per share amounts. All share and per share amounts in the table below have been adjusted to reflect the

1

-for-

6

reverse split of our issued and outstanding common stock on

June

14,

2016,

retroactively:

	Three Months Ended March 31,
	2017		2016
	(unaudited)		(unaudited)
In thousands (except per share amounts):
Net income (loss)	$	58	$	(414	)
Weighted average outstanding shares of common stock		2,042		2,042
Dilutive potential common shares from employee stock options		-		-
Common stock and common stock equivalents		2,042		2,042
Loss per share:
Basic net income (loss) per share	$	0.03	$	(0.20	)
Diluted net income (loss) per share	$	0.03	$	(0.20	)