Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

v3.23.1
Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2023
Earnings (Loss) Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
R. earnings (loss) per share:

 

The following table presents the computation of basic and diluted net loss per common share as of March 31,:

 

    2023     2022  
    Net Income           Shares     Net Income           Shares  
Net Earnings (Loss)   $ (1,058,538 )           18,477,604     $ (722,869 )           20,061,143  
                                                 
Basic earnings (loss) per share           $ (0.04 )                   $ (0.03 )        
                                                 
Effect of dilutive securities:                                                
Warrants                    
-
                      
-
  
Stock Options                    
-
                      
-
  
    $ (1,058,538 )             18,477,604     $ (722,869 )             20,061,143  
                                                 
Diluted earnings (loss) per share           $ (0.04 )                   $ (0.03 )        

 

For the three months ended March 31, 2023 and 2022, as a result of the net loss for the year, all warrants and stock options have been excluded from the calculation of diluted earnings per share and, therefore, there was no difference in the weighted average number of common shares for basic and diluted loss per share as the effect of all potentially dilutive shares outstanding was anti-dilutive. Warrants to purchase 10,074,195 of shares outstanding at March 31, 2023 and 2022 were excluded from the computation of diluted earnings per share. Stock options to purchase 525,563 and 75,256 shares of common stock outstanding at March 31, 2023 and 2022, respectively, were excluded from the computation of diluted earnings per share.