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NET LOSS PER COMMON SHARE

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 3 – NET LOSS PER COMMON SHARE

The Company’s basic loss per common share is based on net loss for the relevant period, divided by the weighted average number of common shares outstanding during the period. Diluted loss per common share is based on net loss, divided by the weighted average number of common shares outstanding during the period, including common share equivalents, such as outstanding options and warrants to the extent they are dilutive. For the years ended December 31, 2023 and 2022 since the Company had net losses, the effect of common stock equivalents is anti-dilutive, and, as such, common stock equivalents have been excluded from the calculation.

		Year Ended December 31, 2023				Year Ended December 31, 2022
Basic net loss per share computation:
Net loss		$	(1,070,095	)		$	(282,219	)
Weighted-average common shares outstanding			5,259,595				5,167,081
Basic net loss per share		$	(0.20	)		$	(0.05	)
Diluted net loss per share computation:
Net loss per above		$	(1,070,095	)		$	(282,219	)
Weighted-average common shares outstanding			5,259,595				5,167,081
Incremental shares for convertible promissory note, warrants and stock options			-				-
Total adjusted weighted-average shares			5,259,595				5,167,081
Diluted net loss per share		$	(0.20	)		$	(0.05	)

The following table summarizes securities that, if exercised, would have an anti-dilutive effect on earnings per share.

		Year Ended December 31, 2023				Year Ended December 31, 2022
Stock options			-				158,420
Warrants			-				-

Total potential dilutive securities not included in loss per share			-				158,420