Profire Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

BASIC AND DILUTED EARNINGS PER SHARE

BASIC AND DILUTED EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2021

The following table is a reconciliation of the numerator and denominators used in the earnings per share calculation:


	For the Three Months Ended March 31,
	2021					2020
	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	$	(601,500)	47,990,101	$	(0.01)	$	(365,264)	47,492,441	$	(0.01)

Effect of Dilutive Securities
Stock options & RSUs	—		—			—		—

Diluted EPS
Net income (loss) available to common stockholders + assumed conversions	$	(601,500)	47,990,101	$	(0.01)	$	(365,264)	47,492,441	$	(0.01)

Stock options and RSUs to purchase 1,339,450 shares of common stock at a weighted average price of $1.15 per share were outstanding during the three months ended March 31, 2021, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These RSUs, which expire between April 2021 and August 2024, were still outstanding at March 31, 2021.

Stock options and RSUs to purchase 784,769 shares of common stock at a weighted average price of $1.28 per share were outstanding during the three months ended March 31, 2020, but were not included in the computation of diluted EPS because the impact of these shares would be antidilutive. These options, which expired between May 2020 and March 2024, were still outstanding at March 31, 2020.