Quarterly report pursuant to Section 13 or 15(d)

NET INCOME PER COMMON SHARE

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NET INCOME PER COMMON SHARE
3 Months Ended
Mar. 31, 2022
NET INCOME PER COMMON SHARE  
NET INCOME PER COMMON SHARE

NOTE 20. NET INCOME PER COMMON SHARE

The following shares of potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding, as the effect of including such securities would be anti-dilutive for the three-month period ended March 31, 2022:

    

Three-Month Period Ended

March 31, 2022

Unvested restricted stock units

 

1,259,641

Outstanding Options

 

1,764,011

Total potential dilutive effect

3,023,652

The Company’s Common Stock equivalents, including unvested restricted stock and options have been excluded from the computation of diluted loss per share for the three-month period ended March 31, 2022, as the effect would be to reduce the loss per share. Therefore, the weighted average Common Stock outstanding used to calculate both basic and diluted income loss per share is the same for the three-month period ended March 31, 2022. The following is a reconciliation of the numerator and denominator of the diluted net income per share computations for the three-month period ended March 31, 2021 (in thousands except for share and per share amounts):

    

Three-Months Period Ended

March 31, 2021

Net income

$

268

Weighted average shares outstanding - basic

 

9,158,333

Stock options

 

1,738,763

Weighted average shares outstanding - diluted

 

10,897,096

Per share data:

 

  

Basic

$

0.03

Diluted

$

0.02