NOTE 10 - NET INCOME (LOSS) PER SHARE

For the three months ended March 31, 2019, basic net income (loss) per common share applicable to common stockholders was computed based on the weighted average number of common shares outstanding during the period. Diluted net loss per common share applicable to common stockholders was computed based on the weighted average number of common shares and dilutive securities outstanding. Dilutive securities having an anti-dilutive effect on diluted net loss per common share were excluded from the calculation. There were 3,429,320 out-of-the-money stock options and warrants excluded from the computation of diluted earnings per share for the three months ended March 31, 2019.

Basic and diluted net income per share, for the three months ended March 31, 2019, were calculated as follows: