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Net Loss Per Share Attributable to Common Stockholders
 3 Months Ended
Mar. 31, 2024
Net Loss Per Share Attributable to Common Stockholders [Abstract]  
Net Loss Per Share Attributable to Common Stockholders

8. Net Loss Per Share Attributable to Common Stockholders

 

The Company declared a 10% stock dividend that was distributed on October 30, 2023 to shareholders of record on October 23, 2023. In accordance with ASC 260, “Earnings Per Share”, basic and diluted earnings per shares amounts, and weighted-average shares outstanding have been restated for all periods presented to reflect the effect of these stock dividends. The following table summarizes the computation of basic and diluted loss per share:

  

The following table summarizes the computation of basic and diluted loss per share:

 

   Three months Ended
March 31,		 
   2024   2023 
Net loss attributable to common stockholders  $(5,970,079)  $(5,628,758)
           
Basic and diluted weighted average common shares outstanding
   77,081,105    37,685,413 
           
Loss per share:          
Basic and diluted
  $(0.08)  $(0.15)

 

Basic loss per share is based upon the weighted average number of shares of common stock outstanding during the period. Diluted loss per share would include the effect of unvested restricted stock awards and the convertible preferred stock; however, such items were not considered in the calculation of the diluted weighted average common shares outstanding since they would be anti-dilutive.