Income (Loss) Per Share of Common Stock
|3 Months Ended|
Mar. 31, 2020
|Earnings Per Share [Abstract]|
|Income (Loss) Per Share of Common Stock||
Note 7 – Income Per Share of Common Stock
Basic income per common share is computed by dividing net income by the weighted average number of common stock shares outstanding during the period. Diluted income per share reflects the potential dilution that could occur if common stock equivalents, such as stock options outstanding, were exercised into common stock that subsequently shared in the earnings of the Company.
As of March 31, 2020 and 2019, the Company had no common stock equivalents. For both the three months ended March 31, 2020 and 2019 the computation of the weighted average number of common stock shares outstanding excludes 3,291,238 shares of Treasury Stock.
The entire disclosure for earnings per share.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef