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NET LOSS PER SHARE
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

NOTE 7 – NET LOSS PER SHARE

 

Net income per common share is calculated in accordance with ASC Topic 260 – “Earnings Per Share” (“ASC 260”). Basic income per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. For the three months ended March 31, 2023 and 2022, respectively, the Company incurred a loss position and as such, the computation of diluted net loss per share does not include dilutive common stock equivalents in the weighted average shares outstanding, as they would be anti-dilutive.

 

Securities that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share at March 31, 2023 and 2022 are as follows:

 

   2023   2022 
   Three months ended March 31, 
   2023   2022 
Warrants to purchase common stock   324,375    324,375 
Restricted stock units   1,500,254    1,188,478 
Convertible notes to exchange common stock   9,812,955    9,812,955 
Total dilutive shares   11,637,584    11,325,808 

 

 

The following table sets forth the computation of basic and diluted loss per share:

 

   2023   2022 
   Three months ended March 31, 
   2023   2022 
Net loss attributable to common shareholders  $(7,235)  $(12,851)
           
Denominator:          
Weighted average common shares - basic and diluted   159,186,506    103,102,596 
Loss per common share - basic and diluted  $(0.05)  $(0.12)