Stockholders Equity

9 Months Ended

Sep. 30, 2020

Earnings per share

During the three and nine month periods ended September 30, 2020, we generated a net loss from continuing operations and as a result, all of our shares are anti-dilutive.

During the three month period ended September 30, 2019, we generated net income from continuing operations. Accordingly, some of our outstanding restricted stock awards had a dilutive impact, illustrated in the following table. We generated basic and diluted earnings per share from net income of $0.02 for the three month period ending September 30, 2019.


			For the three months ended
			September 30, 2019
Weighted Average Shares Outstanding for basic EPS			46,218,413
Effect of dilutive securities:
Options			—
Restricted Stock Units			4,801,218
Weighted Average Shares Outstanding for diluted EPS			51,019,631

In addition, all of the outstanding options were potentially dilutive with a weighted average exercise price of $1.74 for the three months ended September 30, 2019. We had 415,528 outstanding restricted stock units with a weighted average exercise price of $.33 that are potentially dilutive.

During the nine month period ended September 30, 2019 we generated a net loss from continuing operations and as a result, all of our shares were anti-dilutive.

Treasury Stock

On July 14, 2020, our Board of Directors authorized the cancellation of the 376,527 shares of treasury stock.