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 |
) |
|