NOTE 5 – EARNINGS PER SHARE (EPS)

Basic EPS is computed by dividing reported earnings available to stockholders by the weighted average number of shares outstanding. Diluted EPS also includes the effect of stock options that would be dilutive. The following table provides a reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations for the periods ended:

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All potential common stock equivalents that have an anti-dilutive effect are excluded from the calculation of diluted EPS (i.e., those that increase income per share or decrease loss per share). For the three months ended June 30 2023 there were potential anti-dilutive stock options and warrants of 667,500 and 25,000. For the three months ended June 30, 2022 there were potential anti-dilutive stock options and warrants of 680,000 and 25,000, none of which were included in the earnings per share calculations above.