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
9 Months Ended
Sep. 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 September 30,
2020 2019
Income (loss) (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 $ (1,057,748) 47,933,318  $ (0.02) $ 921,748  47,739,192  $ 0.02 
Effect of Dilutive Securities
Stock options & RSUs —  —  —  730,054 
Diluted EPS
Net income (loss) available to common stockholders + assumed conversions $ (1,057,748) 47,933,318  $ (0.02) $ 921,748  48,469,246  $ 0.02 
RSUs to obtain 527,904 shares of common stock were outstanding during the three months ended September 30, 2020, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These RSUs, which expire between March 2021 and March 2024, were still outstanding at September 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 September 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 September 30, 2019.


For the Nine Months Ended September 30,
2020 2019
Income (loss) (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 $ (2,231,515) 47,717,114  $ (0.05) $ 3,575,870  47,509,357  $ 0.08 
Effect of Dilutive Securities
Stock options & RSUs —  —  —  750,543 
Diluted EPS
Net income (loss) available to common stockholders + assumed conversions $ (2,231,515) 47,717,114  $ (0.05) $ 3,575,870  48,259,900  $ 0.07 

Stock options and RSUs to purchase 666,714 shares of common stock at a weighted average price of $0.85 per share were outstanding during the nine months ended September 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 August 2024, were still outstanding at September 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 nine months ended September 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 September 30, 2019.