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NET INCOME (LOSS) PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2024
NET INCOME (LOSS) PER SHARE [Abstract] |
Computation of Basic and Diluted Net Income (Loss) Per Share | The following table sets forth the computation of the basic and diluted net income (loss) per share:
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net (loss) income: |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (2,553,259) |  |  | $ | (1,090,400) |  |  | $ | (3,765,874) |  |  | $ | (3,339,199) |
(Loss) Income from discontinued operations |  |  | — |  |  |  | (32,426) |  |  |  | — |  |  |  | 8,714,852 |
Net (Loss) Income |  | $ | (2,553,259) |  |  | $ | (1,122,826) |  |  | $ | (3,765,874) |  |  | $ | 5,375,653 |
Basic loss from continuing operations per share attributable to common shareholders: |  | $ | (0.08) |  |  | $ | (0.03) |  |  | $ | (0.12) |  |  | $ | (0.10) |
Basic income from discontinued operations per share: |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.27 |
Net (loss) income per common share |  | $ | (0.08) |  |  | $ | (0.03) |  |  | $ | (0.12) |  |  | $ | 0.17 |
Diluted net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  |  | (2,553,259) |  |  |  | (1,090,400) |  |  |  | (3,765,874) |  |  |  | (3,339,199) |
Loss from continuing operation after the effect of assumed conversions |  | $ | (2,553,259) |  |  | $ | (1,090,400) |  |  | $ | (3,765,874) |  |  | $ | (3,339,199) |
(Loss) income from discontinued operations |  | $ | — |  |  | $ | (32,426) |  |  | $ | — |  |  | $ | 8,714,852 |
Weighted average common shares outstanding - basic and diluted |  |  | 31,098,497 |  |  |  | 32,260,992 |  |  |  | 31,049,647 |  |  |  | 32,369,904 |
Diluted loss from continuing operations per common share |  |  | (0.08) |  |  |  | (0.03) |  |  |  | (0.12) |  |  |  | (0.10) |
Diluted income from discontinued operations per common share |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.27 |
Net (loss) income per common share |  | $ | (0.08) |  |  | $ | (0.03) |  |  | $ | (0.12) |  |  | $ | 0.17 |
Antidilutive Securities Excluded from Computation of Income (Loss) Per Share | The following table sets forth all outstanding potentially dilutive securities which were not included in the calculation of diluted earnings per share because their impact would have been antidilutive to the Company’s “control number,” which is loss from continuing operations.
|  | For the Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |
Potentially dilutive securities: |  |  |  |  |  |
Warrants |  |  | 9,375 |  |  |  | 65,119 |
Stock options |  |  | 4,147,043 |  |  |  | 3,550,544 |
Convertible notes |  |  | 2,385,752 |  |  |  | 2,532,330 |
Unvested restricted stock awards and units |  |  | 871,267 |  |  |  | 865,610 |
Total |  |  | 7,413,437 |  |  |  | 7,013,603 |

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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