8. BASIC AND FULLY DILUTED
NET INCOME (LOSS) PER COMMON SHARE
The following table sets forth the computation of
basic and fully diluted net income per common share for the three months ended March 31, 2025 and 2024:
| Schedule of computation of earnings per share | |
| | |
| |
| | |
2025 | | |
2024 | |
| Numerator: | |
| | | |
| | |
| Net income | |
$ | 2,586,100 | | |
$ | 309,096 | |
| Denominator: | |
| | | |
| | |
| Weighted average common shares: | |
| | | |
| | |
| Denominator for basic calculation | |
| 53,576,030 | | |
| 52,844,638 | |
| Weighted average effects of potentially diluted common stock: | |
| | | |
| | |
| Stock options (calculated under treasury method) | |
| 694,077 | | |
| 789,517 | |
| Unvested restricted stock awards | |
| 872,404 | | |
| 1,126,687 | |
| Denominator for fully diluted calculation | |
$ | 55,142,511 | | |
$ | 54,760,842 | |
| Net income per common share: | |
| | | |
| | |
| Basic | |
$ | 0.05 | | |
$ | 0.01 | |
| Fully diluted | |
$ | 0.05 | | |
$ | 0.01 | |
|