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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

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:

		Three Months Ended
		March 31, 2022				March 31, 2021
Net loss		$	(8,230,229	)		$	(3,720,218	)
Numerator, basic and diluted net loss available to stockholders		$	(8,230,229	)		$	(3,720,218	)
Denominator:
Shares used in computation – basic:
Weighted average common shares outstanding			14,365,633				12,610,924
Shares used in computation – diluted:
Weighted average common shares outstanding			14,365,633				12,610,924
Net loss per share – basic and diluted		$	(0.57	)		$	(0.29	)

In the Money Potential Common Shares [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The potential common shares in the following tables represent potential common shares calculated using the if-converted method from outstanding options, stock awards and warrants that were excluded from the calculation of diluted EPS:

		Three Months Ended
		March 31, 2022				March 31, 2021
Average market price during the period		$	5.91			$	7.30
In the money potential common shares from options excluded			22,493				22,493
In the money potential common shares from warrants excluded			2,752,951				3,481,314

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 EPS because calculation of the associated potential common shares has an anti-dilutive effect on EPS. The following table lists options and warrants that were excluded from diluted EPS:

		Three Months Ended
Per share exercise price		March 31, 2022				March 31, 2021
Out of the money options excluded:
$12.48			136,833				136,833
$12.84			4,167				4,167
$26.40			75,158				75,158
Out-of-the-money warrants excluded:
$7.16			700,000				—
Total excluded			916,158				216,158

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 in the earning per share calculation due to having an anti-dilutive effect are:

		Three Months Ended
		March 31, 2022				March 31, 2021
Excluded unvested restricted stock awards			276,709				447,164

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
-SubTopic 10
-Section 50
-Paragraph 1
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+ References

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