Net Loss per Share

6 Months Ended

Jun. 30, 2024

13. Net Loss per Share

We compute basic net loss per share using the weighted average number of shares of common stock outstanding plus the number of common stock equivalents for DSUs during the period. We compute diluted net income (loss) per share using the weighted average number of shares of common stock outstanding during the period, adjusted for the dilutive effect of common stock equivalents. In periods where losses are reported, the weighted average number of shares of common stock outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of outstanding stock options and warrants. The dilutive effect of outstanding stock options and warrants is reflected in diluted earnings per share by application of the treasury stock method.

The computation of basic and diluted net loss per share attributable to common stockholders is as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
	(Unaudited)						(Unaudited)
Numerator:
Net loss applicable to common stockholders	$	(1,514,408	)	$	(886,581	)	$	(2,169,734	)	$	(2,910,634	)
Denominator:
Weighted average common shares outstanding, basic		20,507,242			19,962,031			20,446,364			19,946,954
Effect of dilutive common shares		—			—			—			—
Weighted average common shares outstanding, diluted		20,507,242			19,962,031			20,446,364			19,946,954
Net loss per share:
Basic	$	(0.07	)	$	(0.04	)	$	(0.11	)	$	(0.15	)
Diluted	$	(0.07	)	$	(0.04	)	$	(0.11	)	$	(0.15	)
Anti-dilutive securities excluded from diluted net loss per share:
Stock options		21,579			323,657			46,579			323,657