| EARNINGS PER SHARE |
Potentially
dilutive securities, issued by the Company, were comprised of the following:
| |
|
September 30,
2019 |
|
|
September 30,
2018 |
|
| Stock purchase warrants |
|
|
3,791,331 |
|
|
|
3,179,500 |
|
| Convertible debt warrants |
|
|
131,250 |
|
|
|
536,250 |
|
| Options |
|
|
2,083,000 |
|
|
|
1,534,000 |
|
| Total |
|
|
6,005,581 |
|
|
|
5,249,750 |
|
The
following table sets forth the composition of the weighted average shares (denominator) used in the basic and dilutive earnings
per share computation for the three and nine months ended September 30, 2019 and 2018.
| |
|
Three Months Ended |
|
|
Nine months ended |
|
| |
|
September 30,
2019 |
|
|
September 30,
2018 |
|
|
September 30,
2019 |
|
|
September 30,
2018 |
|
| Net income (loss) |
|
$ |
1,049,699 |
|
|
$ |
(784,573 |
) |
|
$ |
2,341,120 |
|
|
$ |
(2,668,998 |
) |
| Weighted average shares outstanding, basic |
|
|
35,707,788 |
|
|
|
25,646,011 |
|
|
|
31,523,679 |
|
|
|
22,056,665 |
|
| Effect of dilutive common stock equivalents |
|
|
6,005,581 |
|
|
|
- |
|
|
|
6,005,581 |
|
|
|
- |
|
| Adjusted weighted average shares outstanding, dilutive |
|
|
41,713,369 |
|
|
|
25,646,011 |
|
|
|
37,529,260 |
|
|
|
22,056,665 |
|
| Basic income (loss) per shares |
|
$ |
.03 |
|
|
$ |
(.03 |
) |
|
$ |
.07 |
|
|
$ |
(.12 |
) |
| Dilutive income (loss) per share |
|
$ |
.03 |
|
|
$ |
(.03 |
) |
|
$ |
.06 |
|
|
$ |
(.12 |
) |
|