Note 5 - Income Per Share

9 Months Ended

Sep. 30, 2020

Note

– Income Per Share

Net income (loss) per common share information is as follows:

	Three months ended September 30,					Nine months ended September 30,
	2020		2019			2020		2019
Basic earnings per common share:
Net income (loss)	$	122,554	$	(209,532	)	$	60,299	$	(132,448	)

Weighted average basic shares outstanding		35,588,775		35,588,775			35,588,775		35,578,519

Basic income (loss) per common share	$	-	$	(0.01	)	$	-	$	-

Dilutive earnings per common share:
Net income (loss) allocable to common shareholders	$	122,554	$	(209,532	)	$	60,299	$	(132,448	)

Weighted average shares outstanding - basic		35,588,775		35,588,775			35,588,775		35,578,519
Diluted effect:
Unvested restricted stock		-		-			-		-
Weighted average dilutive shares outstanding		35,588,775		35,588,775			35,588,775		35,578,519

Dilutive income (loss) per common share	$	-	$	(0.01	)	$	-	$	-

Diluted net income (loss) per share for the

three

and

nine

months ended

September 30, 2020

and

2019

does

not

reflect issuance of the following potential common shares, as the effect would be antidilutive.

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019

Unvested restricted stock		429,000		449,000		429,000		449,000

MIKROS SYSTEMS CORP 10-Q