Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE INFORMATION

v3.20.1
EARNINGS PER SHARE INFORMATION
3 Months Ended
Mar. 31, 2020
EARNINGS PER SHARE INFORMATION  
EARNINGS (LOSS) PER SHARE INFORMATION

NOTE 4 – EARNINGS PER SHARE INFORMATION

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For The Three Months

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Ended March 31, 

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2019

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2020

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(restated)

Net Income

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$

43,804,118

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$

4,269,260

Basic Weighted-Average Shares Outstanding

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67,993,797

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63,229,710

Effect of dilutive securities:

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Stock options

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—

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590,098

Restricted stock

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3,295

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172,741

Diluted Weighted-Average Shares Outstanding

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67,997,092

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63,992,549

Basic Income per Share

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$

0.64

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$

0.07

Diluted Income per Share

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$

0.64

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$

0.07

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Stock options to purchase 2,748,500 shares of common stock and 1,329,489  shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2020, as their effect would have been anti-dilutive. Stock options to purchase 993,500 shares of common stock and 326,200 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2019, as their effect would have been anti-dilutive.