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Income (Loss) Per Common Share
 9 Months Ended
Sep. 30, 2021
Net loss per share of common stock:  
3. Income (Loss) Per Common Share

3.  

Income (Loss) Per Common Share

 

 

 

Basic earnings per share is calculated by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated based on the weighted average number of common shares outstanding during the period plus the effect of potentially dilutive common stock equivalents, including stock options, warrants to purchase the Company’s common stock, and convertible preferred stock.

 

At September 30, 2021 and 2020, the potentially dilutive common stock equivalents not included in the calculation of diluted earnings per share as their effect would have been anti-dilutive are as follows:

 

 

 

September 30,

2021

 

 

September 30,

2020

 

Warrants

 

 

12,489,922

 

 

 

6,194,899

 

Convertible preferred stock

 

 

1,751,005

 

 

 

1,751,005

 

Total possible dilution

 

 

14,240,927

 

 

 

7,945,904