Loss Per Common Share (Notes)

12 Months Ended

Dec. 31, 2022

LOSS PER COMMON SHARE

Basic earnings (loss) per common share is computed by dividing the net income or loss by the basic weighted-average number of shares of common stock outstanding during each period presented. Although restricted stock is issued upon the grant of an award, the Company excludes restricted stock from the computations of the weighted-average number of shares of common stock outstanding until the stock vests. Diluted loss per share is computed by dividing the net income or loss by the sum of the total of the basic weighted-average number of shares of common stock outstanding plus the additional dilutive securities that could be exercised or converted into common shares during each period presented less the amount of shares that could be repurchased using the proceeds from the exercises.


	Twelve Months Ended
		December 31, 2022		December 31, 2021
Net loss		$	(4,469,498)	$	(3,140,621)
Weighted average shares outstanding - basic and diluted		62,199,379		60,407,921
Basic and diluted loss per common share		$	(0.07)	$	(0.05)

The Company excluded the following weighted average items from the above computation of diluted loss per common share, as their effect would be anti-dilutive:


	Twelve Months Ended
		December 31, 2022	December 31, 2021
Stock options		1,736,414	1,750,096
Restricted stock units		813,088	516,180
Restricted stock		49,913	22,632
Total excluded shares		2,599,415	2,288,908