Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.1
Earnings Per Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
11. EARNINGS PER SHARE

  

Potentially dilutive securities were comprised of the following:

 

    March 31, 2019     March 31, 2018  
Stock purchase warrants     3,279,500       2,319,000  
Convertible debt warrants     363,750       1,155,000  
Options     1,775,500       2,492,000  
Total     5,418,750       5,966,000  

 

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 months ended March 31, 2019 and 2018.

 

    March 31, 2019     March 31, 2018  
Net income (loss)   $ 229,421     $ (953,430 )
Weighted average shares outstanding, basic     28,844,552       18,419,519  
Effect of dilutive common stock equivalents     5,418,750       -  
Adjusted weighted average shares outstanding, dilutive     34,263,302       18,419,519  
Basic income (loss) per shares   $ .01     $ (.05 )
Dilutive income (loss) per share   $ .01     $ (.05 )