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Basic and Diluted Loss Per Common Share
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Basic and Diluted Loss Per Common Share

Note 8. Basic and Diluted Loss Per Common Share

 

Basic net income (loss) per share excludes any dilution. It is based upon the weighted average number of common shares outstanding during the period. Dilutive net income (loss) per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. The Company’s dilutive loss per share equals basic loss per share for the nine months ended September 30, 2021 and 2020, respectively, and the three months ended September 30, 2020 because all common stock equivalents (i.e., options and warrants) were antidilutive in those periods. The number of options and warrants that were not included (because their effect is antidilutive) was 2,406,651 and 2,498,251 for the three and nine months ended September 30, 2021 and 2020, respectively.