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Net Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Income Per Share

Basic and diluted net income per share was calculated as follows for the three month periods ended March 31, 2022 and 2021:

 

 

 

For the Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Basic and diluted net income per share:

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Net income

 

$

579,234

 

 

$

41,198

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

18,886,939

 

 

 

17,348,164

 

Effect of dilutive securities

 

 

877,130

 

 

 

1,293,897

 

Weighted average common shares outstanding - diluted

 

 

19,764,069

 

 

 

18,642,061

 

Net income per common share:

 

 

 

 

 

 

 

 

Basic

 

$

0.03

 

 

$

0.00

 

Diluted

 

$

0.03

 

 

$

0.00