BASIC INCOME PER SHARE

3 Months Ended

Mar. 31, 2020

BASIC INCOME PER SHARE

BASIC INCOME PER SHARE

3.          BASIC INCOME PER SHARE

The Company has a simple capital structure consisting of common stock and preferred stock, with only shares of common stock outstanding. The Company had no stock options outstanding for the three months ended March 31, 2020 or 2019. Basic income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period.