Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.20.2
Earnings Per Share
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

12. 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 three months and six months ended June 30, 2020 and 2019.

 

    Three months ended  
    June 30,
2020
    June 30,
2019
 
Net income   $ 2,573,943     $ 1,062,000  
Weighted average shares outstanding, basic     38,616,610       30,326,304  
Effect of dilutive outstanding warrants and stock options     2,399,782       1,097,453  
Adjusted weighted average shares outstanding, dilutive     41,016,392       31,426,757  
Basic income per shares   $ .07     $ .04  
Dilutive income per share   $ .06     $ .03  

 

    Six months ended  
    June 30,
2020
    June 30,
2019
 
Net income   $ 480,425     $ 1,291,421  
Weighted average shares outstanding, basic     38,224,109       29,389,636  
Effect of dilutive outstanding warrants and stock options     2,017,183       1,065,646  
Adjusted weighted average shares outstanding, dilutive     40,241,292       30,455,282  
Basic income per shares   $ .01     $ .04  
Dilutive income per share   $ .01     $ .04