XML 22 R13.htm IDEA: XBRL DOCUMENT

Net Loss Share

3 Months Ended

Mar. 31, 2023

7. Net Loss Share

Basic earnings and net loss per share are computed by dividing the net loss 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 income per share. For the three months ended March 31, 2023 and 2022, 650,155 and 679,515 of shares issuable upon the exercise of outstanding stock options, respectively, were not included in the computation of diluted net loss per share from operations because their inclusion would be antidilutive.

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

	Three Months Ended March 31,
	2023			2022
Net loss from operations – basic and diluted	$	(738,298	)	$	(738,945	)
Weighted average shares outstanding – basic		9,222,356			9,832,157
Weighted average shares outstanding – diluted		9,222,356			9,832,157
Per share data:
Basic from operations	$	(0.08	)	$	(0.08	)
Diluted from operations	$	(0.08	)	$	(0.08	)