LINGO MEDIA CORP

CIK:0001177167|SEC Filings
v3.21.1
Note 12 - Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2020
Statement Line Items [Line Items]  
Disclosure of earnings per share [text block]
12.
EARNINGS (LOSS) PER SHARE
 
The income and weighted average number of common shares used in the calculation of basic and diluted income (loss) per share for the years ended
December 31, 2020
2019,
and
2018
were as follows:
 
   
2020
   
2019
   
2018
 
Weighted average number of common shares used as the denominator in calculating basic earnings per share
 
 
35,529,192
     
35,529,192
     
35,529,192
 
Adjustments for calculation of diluted earnings per share:                        
Options
 
 
3,956,256
     
3,605,000
     
-
 
Weighted average number of common shares and potential common shares used as the denominator in calculating diluted earnings per share
 
 
39,485,448
     
39,134,192
     
35,529,192
 
Basic earnings (loss) per share
 
$
0.03
    $
0.00
    $
0.00
 
Diluted earnings (loss) per share
 
$
0.03
    $
0.00
    $
0.00