Annual report pursuant to Section 13 and 15(d)

Note 5 - Loss Per Share

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Note 5 - Loss Per Share
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]
5.
Loss Per Share
 
Basic loss per share is calculated by dividing net loss attributable to common stockholders by the weighted-average number of common shares. Diluted loss per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that
may
be issued by the Company include convertible debt, convertible preferred stock, options and warrants.
 
Diluted loss per common share for the years ended
December 31, 2020
and
2019
excludes the effects of
1,111,744
and
1,487,681
common share equivalents, respectively, since such inclusion would be anti-dilutive. The excluded shares consist of common shares issuable upon exercise of outstanding stock options and warrants.
 
The Company's unvested stock awards contain nonforfeitable rights to dividends or dividend equivalents, whether paid or unpaid (referred to as “participating securities”). Therefore, the unvested stock awards are required to be included in the number of shares outstanding for both basic and diluted earnings per share calculations. However, due to our loss from continuing operations,
60,000
and
15,000
shares of unvested restricted stock for the years ended
December 31, 2020
and
2019,
respectively, were excluded in determining basic and diluted loss per share because such inclusion would be anti-dilutive.