Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) Per Share of Common Stock

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Income (Loss) Per Share of Common Stock
6 Months Ended
Jun. 30, 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 June 30, 2020 and 2019, the Company had no common stock equivalents. For both the three and six months ended June 30, 2020 and June 30, 2019, the computation of the weighted average number of common stock shares outstanding excludes 3,291,238 shares of Treasury Stock.