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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2022
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 15 – EARNINGS PER SHARE

 

Basic net loss per share is computed by dividing net loss attributable to the Company, decreased with respect to net income or increased with respect to net loss by dividends declared on preferred stock by using the weighted-average number of common shares outstanding. The dilutive effect of incremental common shares potentially issuable under outstanding options, warrants and restricted shares is included in diluted earnings per share in 2022 and 2021 utilizing the treasury stock method. The computations of basic and diluted per share data were as follows:

 

 

 

2022

 

 

2021

 

Numerator for Basic and Diluted Earnings Per Share:

 

 

 

 

 

 

Net loss

 

$(63,945,285 )

 

$(15,594,682 )

Denominator for Basic Earnings Per Share:

 

 

 

 

 

 

 

 

Weighted Average Shares

 

 

1,928,172

 

 

 

656,933

 

Potentially Dilutive Common Shares

 

 

-

 

 

 

-

 

Adjusted Weighted Average Shares

 

 

1,928,172

 

 

 

656,933

 

Basic and Diluted Net Loss per Share

 

 

(33.16 )

 

 

(23.74 )

The following table summarized the potential shares of common stock that were excluded from the computation of diluted net loss per share for the years ended December 31, 2022 and 2021 as such shares would have had an anti-dilutive effect:

 

 

 

2022

 

 

2021

 

Common Stock Warrants

 

 

4,194,236

 

 

 

142,713

 

Common Stock Options

 

 

-

 

 

 

1,480

 

Convertible Debt

 

 

8,827

 

 

 

8,759

 

Total

 

 

4,203,063

 

 

 

152,952