• Filing Date: 2019-08-14
  • Form Type: 10-Q
  • Description: Quarterly report
v3.19.2
BASIC AND DILUTED INCOME AND LOSS PER COMMON SHARE
3 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
BASIC AND DILUTED INCOME AND LOSS PER COMMON SHARE

Note 3. Basic and Diluted Income and Loss per Common Share

 

We report both basic and diluted net income (loss) per share. Basic net income or loss per common share is computed by dividing net income or loss for the period by the weighted average number of common shares outstanding for the period. Diluted net income or loss per common share is computed by dividing the net income or loss for the period by the weighted average number of common and potential common shares outstanding during the period if the effect of the potential common shares is dilutive. The shares used in the calculation of dilutive potential common shares exclude options and RSUs to purchase shares where the exercise price was greater than the average market price of common shares for the period.

 

The following table presents the calculation of basic and diluted net loss per share:

 

   Three Months Ended
   June 30, 2019  June 30, 2018
Net income (loss)  $(181,894)  $18,583 
Weighted-average shares — basic   11,558,355    10,683,355 
Effect of dilutive potential common shares   —      21,300 
Weighted-average shares — diluted   11,558,355    10,704,655 
Net income (loss) per share — basic  $(0.02)  $0.00 
Net income (loss) per share — diluted  $(0.02)  $0.00 
Antidilutive employee stock options and RSUs   980,286    986,236