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Net Loss Per Share
 3 Months Ended
Mar. 31, 2024
Loss per share  
Net Loss Per Share

Note 11: Net Loss Per Share

 

The following table provides reconciliation of net loss per share of common stock:

 

                 
   Three Months Ended March 31   One Month Ended December 31 
   2024   2023   2023   2022 
Numerator                
Net loss for the period  $(962,449)  $(1,024,261)  $(232,997)  $(177,194)
                     
Denominator                    
Weighted average number of shares, basic and diluted   12,398,709    10,135,001    12,398,709    10,135,001 
                     
Net loss per share, basic and diluted  $(0.08)  $(0.10)  $(0.02)  $(0.02)

 

The basic and diluted net loss per share are the same as the Company is in a net loss position.

 

The Company’s potentially dilutive securities, including stock options (stock options to purchase 181,550 shares of common stock outstanding as at March 31, 2024; stock options to purchase 82,500 shares of common stock as at December 31, 2023) and warrants (warrants to purchase 1,741,292 shares of common stock outstanding as at March 31, 2024, and December 31, 2023), have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same.