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Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Reconciliation of Numerators and Denominators used in Computing Basic and Diluted Net Income Per Share

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income per share:

		12 Month Period Ended December 31, 2021				12 Month Period Ended December 31, 2020				12 Month Period Ended December 31, 2019
Net loss		$	(9,956,395	)		$	(14,812,156	)		$	(10,439,961	)
Numerator, basic and diluted net loss available to stockholders		$	(9,656,395	)		$	(14,812,156	)		$	(10,439,961	)
Denominator:
Shares used in computation – basic:
Weighted average common shares outstanding			13,296,687				10,538,114				9,346,213
Shares used in computation – diluted:
Weighted average common shares outstanding			13,296,687				10,538,114				9,346,213
Net loss per share – basic and diluted		$	(0.75	)		$	(1.41	)		$	(1.12	)

In the Money Potential Common Shares [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The potential common shares, in the table following, represent potential common shares calculated using the treasury stock method from outstanding options and warrants that were excluded from the calculation of Diluted EPS:

		2021				2020				2019
Average market price during the period		$	6.50			$	5.06			$	4.93
In the money potential common shares from options excluded			22,493				22,493				22,493
In the money potential common shares from warrants excluded			2,781,314				2,585,179				120,000

Out of Money Potential Common Shares [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potential common shares from out-of-the-money options and warrants were also excluded from the computation of diluted earnings per share because calculation of the associated potential common shares has an anti-dilutive effect. The following table lists options and warrants that were excluded from diluted EPS.

Per share exercise price		2021				2020				2019
Out of the money options excluded:
$12.48			136,833				136,833				136,833
$12.84			4,167				4,167				4,167
$26.40			75,158				75,158				75,158
Out-of-the-money warrants excluded:
$5.76			—				196,135				196,135
$7.16			700,000				700,000				700,000
Total excluded			916,158				1,112,293				1,112,293

Unvested Restricted Stock Awards Excluded from EPS [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The equivalent common shares relating to our unvested restricted stock awards that were excluded from potential common shares used in the earning per share calculation due to having an anti-dilutive effect are:

		2021				2020				2019
Excluded unvested restricted stock awards			476,341				249,391				41,667

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-Section 50
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