Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.21.1
Earnings Per Share
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
13. EARNINGS PER SHARE

   

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 years ended December 31, 2020 and 2019.

   

    Year Ended December 31,  
    2020     2019  
Net income   $ 5,328,378     $ 1,321,842  
Weighted average shares outstanding, basic     43,944,879       32,833,594  
Effect of dilutive outstanding warrants and stock options     2,511,370       1,076,560  
Adjusted weighted average shares outstanding, dilutive     46,456,249       33,910,154  
Basic income per shares   $ .12     $ .04  
Dilutive income per share   $ .11     $ .04