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Net (Loss) Income Per Share

12 Months Ended

Dec. 31, 2022

Net (Loss) Income Per Share [Abstract]

8.	Net (Loss) Income Per Share

Basic earnings and net income per share are computed by dividing the net income available to common stockholders by the weighted average number of common shares outstanding during the period as defined by ASC Topic 260, Earnings Per Share. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options (using the treasury stock method). To the extent stock options are antidilutive, they are excluded from the calculation of diluted loss per share. For the year ended December 31, 2022, 622,074 of shares issuable upon the exercise of outstanding stock options were not included in the computation of diluted net loss per share from operations because their inclusion would be antidilutive. For the year ended December 31, 2022, no shares issuable upon the exercise of outstanding stock options were included in the computation of diluted net income per share from operations because their inclusion would be dilutive. For the year ended December 31, 2021, 392,749 of shares issuable upon the exercise of outstanding stock options were not included in the computation of diluted net income per share for operations because their inclusion would be antidilutive. For the year ended December 31, 2021, 43,021 of shares issuable upon the exercise of outstanding stock options were included in the computation of diluted net income per share for operations because their inclusion would be dilutive.

The following table summarizes the net (loss) income per share calculation for the periods presented:

	Years Ended
	December 31,
	2022			2021
Net (loss) income from operations – basic and diluted	$	(3,412,250	)	$	1,324,106
Weighted average shares outstanding – basic		9,638,567			7,766,111
Weighted average shares outstanding – diluted		9,638,567			7,809,132
Per share data:

Basic from operations	$	(0.35	)	$	0. 17
Diluted from operations	$	(0.35	)	$	0. 17