NETSOL Technologies, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Sep. 30, 2020

NOTE 4 – EARNINGS PER SHARE

Basic earnings per share are computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards.

The components of basic and diluted earnings per share were as follows:

	For the three months ended September 30, 2020
	Net Income		Shares		Per Share
Basic income per share:
Net income available to common shareholders	$	717,554		11,787,233	$	0.06
Effect of dilutive securities
Share grants		-		-		-
Diluted income per share	$	717,554		11,787,233	$	0.06

	For the three months ended September 30, 2019
	Net Loss			Shares		Per Share

Basic loss per share:
Net loss available to common shareholders	$	(1,827,947	)		11,664,239	$	(0.16	)
Effect of dilutive securities
Share grants		-			-		-
Diluted loss per share	$	(1,827,947	)		11,664,239	$	(0.16	)

The following potential dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.

	For the Three Months
	Ended September 30,
	2020		2019

Stock Options		-		40,386
Share Grants		51,525		138,052
		51,525		178,438