Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.2
Earnings Per Share
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
11. EARNINGS PER SHARE

 

Potentially dilutive securities, issued by the Company, were comprised of the following:

 

    June 30,
2019
    June 30,
2018
 
Stock purchase warrants     4,091,296       3,560,000  
Convertible debt warrants     363,750       817,500  
Options     1,530,500       2,084,000  
Total     5,985,546       6,461,500  

 

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 six months ended June 30, 2019 and 2018.

 

    Three Months Ended     Six Months Ended  
    June 30,
2019
    June 30,
2018
    June 30,
2019
    June 30,
2018
 
Net income (loss)   $ 1,062,000     $ (929,959 )   $ 1,291,421     $ (1,883,389 )
Weighted average shares outstanding, basic     30,326,304       21,901,093       29,389,636       20,230,146  
Effect of dilutive common stock equivalents     5,985,546       -       5,985,546       -  
Adjusted weighted average shares outstanding, dilutive     36,311,850       21,901,093       35,375,182       20,230,146  
Basic income (loss) per shares   $ .04     $ (.04 )   $ .04     $ (.09 )
Dilutive income (loss) per share   $ .03     $ (.04 )   $ .04     $ (.09 )