Epsilon Energy Ltd
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
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12. Net Income Per Share
Basic net income per share is computed on the basis of the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed based upon the weighted-average number of common shares outstanding during the period plus the assumed issuance of common shares for all potentially dilutive securities.
The net income used in the calculation of basic and diluted net income per share is as follows:
| · · · · · · · · · · · · | ||||||||
|---|---|---|---|---|---|---|---|---|
| · · Three months ended September 30, · · Nine months ended September 30, | ||||||||
| · 2024 · 2023 · 2024 · 2023 | ||||||||
| Net income | | $366,021 | | $388,775 | | $2,688,577 | | $4,349,191 |
In calculating the net income per share, basic and diluted, the following weighted-average shares were used:
| | | | | | | | | |
|---|---|---|---|---|---|---|---|---|
| · · Three months ended September 30, · · Nine months ended September 30, | ||||||||
| · 2024 · 2023 · 2024 · 2023 | ||||||||
| Basic weighted-average number of shares outstanding | | 21,948,519 | | 22,118,984 | | 21,954,803 | | 22,616,539 |
| Dilutive stock options | | — | | 6,786 | | — | | 5,865 |
| Unvested time-based restricted shares | 206,773 | 41,037 | 46,078 | — | ||||
| Unvested performance-based restricted shares | — | 11,879 | — | 9,146 | ||||
| Diluted weighted-average shares outstanding | 22,155,292 | 22,178,686 | 22,000,881 | 22,631,550 | ||||
The Company excluded the following shares from the diluted EPS because their inclusion would have been anti-dilutive.
| | | | | | | | | |
|---|---|---|---|---|---|---|---|---|
| · · Three months ended September 30, · · Nine months ended September 30, | ||||||||
| · 2024 · 2023 · 2024 · 2023 | ||||||||
| Anti-dilutive options | | — | | 63,214 | | — | | 64,135 |
| Anti-dilutive unvested time-based restricted shares | | 408,816 | | 355,788 | | 478,005 | | 327,300 |
| Anti-dilutive unvested performance-based restricted shares | | — | | 3,954 | | — | | 6,687 |
| Total Anti-dilutive shares | 408,816 | 422,956 | 478,005 | 398,122 | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.