Quarterly report pursuant to Section 13 or 15(d)

BASIC AND DILUTED EARNINGS PER SHARE

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BASIC AND DILUTED EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
BASIC AND DILUTED EARNINGS PER SHARE BASIC AND DILUTED EARNINGS PER SHARE
The following table is a reconciliation of the numerator and denominators used in the earnings per share calculation:

For the Three Months Ended June 30,
2020 2019
Income (Numerator) Weighted Average Shares (Denominator) Per-Share
Amount
Income (Numerator) Weighted Average Shares (Denominator) Per-Share
Amount
Basic EPS
Net income (loss) available to common stockholders $ (808,503)   47,723,208    $ (0.02)   $ 985,504    47,348,137    $ 0.02   
Effect of Dilutive Securities
Stock options & RSUs —    —    —    776,071   
Diluted EPS
Net income available to common stockholders + assumed conversions $ (808,503)   47,723,208    $ (0.02)   $ 985,504    48,124,208    $ 0.02   

Stock options and RSUs to purchase 534,924 shares of common stock at a weighted average price of $0.83 per share were outstanding during the three months ended June 30, 2020, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These stock options and RSUs, which expire between March 2021 and March 2024, were still outstanding at June 30, 2020.


Stock options to purchase 244,600 shares of common stock at a weighted average price of $3.88 per share were outstanding during the three months ended June 30, 2019, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These options, which expired between November 2019 and May 2020, were still outstanding at June 30, 2019.
For the Six Months Ended June 30,
2020 2019
Income (Numerator) Weighted Average Shares (Denominator) Per-Share
Amount
Income (Numerator) Weighted Average Shares (Denominator) Per-Share
Amount
Basic EPS
Net income available to common stockholders $ (1,173,767)   47,607,825    $ (0.02)   $ 2,654,122    47,392,534    $ 0.06   
Effect of Dilutive Securities
Stock options & RSUs —    —    —    800,315   
Diluted EPS
Net income available to common stockholders + assumed conversions $ (1,173,767)   47,607,825    $ (0.02)   $ 2,654,122    48,192,849    $ 0.06   

Stock options and RSUs to purchase 555,866 shares of common stock at a weighted average price of $0.98 per share were outstanding during the six months ended June 30, 2020, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These stock options and RSUs, which expire between March 2021 and March 2024, were still outstanding at June 30, 2020.


Stock options to purchase 244,600 shares of common stock at a weighted average price of $3.88 per share were outstanding during the six months ended June 30, 2019, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These options, which expired between November 2019 and May 2020, were still outstanding at June 30, 2019.