Note 7 - Net Earnings Per Share

12 Months Ended

Dec. 31, 2019

Note

–

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.

	December 31, 201 9			December 31, 201 8
In thousands (except per share amounts):
Net income (a)	$	(7	)	$	1,486
Weighted average outstanding shares of common stock (b)		1,925			2,030
Dilutive potential common shares from employee stock options		-			27
Common stock and common stock equivalents (c)		1,925			2,057
Income per share:
Basic net income per share (a)/(b)	$	0.00		$	0.73
Diluted net income per share (a)/(c)	$	0.00		$	0.72

For the

twelve

months ended

December 31, 2019

and

2018,

161,333

and

4,666

outstanding stock options were excluded from the calculation of diluted net income per share as their inclusion would have been anti-dilutive.