Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted income (loss) per share assumes the issuance of potentially dilutive shares of common stock during the period. The following table reconciles the numerators and denominators of the basic and diluted income (loss) per share computations:

 

		Three Months Ended June 30								Six Months Ended June 30
Numerator:		2019				2018				2019				2018
Net income (loss) (in thousands)		$	381			$	(505	)		$	(579	)		$	(301	)
Denominator:
Weighted average common shares outstanding:
Basic			19,708,422				22,703,415				19,644,590				22,751,318
Dilutive effect of non-vested awards			875,012				-				-				-
Diluted			20,583,434				22,703,415				19,644,590				22,751,318
Net income (loss) per share:
Basic		$	0.02			$	(0.02	)		$	(0.03	)		$	(0.01	)
Diluted		$	0.02			$	(0.02	)		$	(0.03	)		$	(0.01	)

 

For the months ended less than million of stock options with an exercise price above the current market value of the Company’s common stock were included in the calculation because they would have an anti-dilutive effect. For the months ended and the and months ended all options were anti-dilutive due to the Company’s net losses for those periods and therefore included in the calculation.