Veru 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

Dec. 31, 2015

NOTE 2 – Earnings per Share

Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted average number of common shares outstanding during the period after giving effect to all dilutive potential common shares that were outstanding during the period. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of stock options and unvested shares granted to employees and directors.


	Three Months Ended
	December 31,
Denominator	2015		2014
Weighted average common shares outstanding - basic		28,633,372		28,502,560
Net effect of dilutive securities:
Options		17,043		70,094
Unvested restricted shares		343,528		206,056
Total net effect of dilutive securities		360,571		276,150
Weighted average common shares outstanding - diluted		28,993,943		28,778,710
Income per common share – basic	$	0.05	$	0.03
Income per common share – diluted	$	0.05	$	0.03

Options to purchase approximately 90,000 shares of common stock at an exercise price of $3.92 per share that were outstanding during the three months ended December 31, 2015 were not included in the computation of diluted net income per share because their effect was anti-dilutive. All other outstanding stock options and unvested restricted shares were included in the computation of diluted net income per share for the three months ended December 31, 2015 and 2014.