Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share

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Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

Note 11 – Earnings (Loss) Per Share

 

Basic earnings (loss) per share for continuing and discontinued operations are computed by dividing the respective net income or loss attributable to common stockholders by the weighted-average number of shares of our Common Stock outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue Common Stock were exercised or converted into Common Stock or resulted in the issuance of Common Stock that shared in the earnings of the entity. Diluted earnings (loss) per share also utilize the treasury stock method which prescribes a theoretical buy-back of shares from the theoretical proceeds of all options and warrants outstanding during the period. Options and warrants outstanding to acquire shares of our Common Stock at December 31, 2018 and 2017 were 2,980,000 and 979,500, respectively.

 

For Fiscal 2018, dilutive earnings (loss) per share were the same as basic earnings per share due to the inclusion of Common Stock in the form of stock options and warrants (“Common Stock Equivalents”), when in a net loss position would have an anti-dilutive effect on loss per share. For Fiscal 2018, there were 923,006 that were excluded from the earnings (loss) per share computation as a consequence of their anti-dilutive effect. For Fiscal 2017 there were 954,500 Common Stock Equivalents that were in the money and there were 130,966 Common Stock Equivalents which were included in the fully diluted earnings per share computation.