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Net Income (Loss) Share
 6 Months Ended
Jun. 30, 2023
Net Income (Loss) Share [Abstract]  
Net Income (Loss) Share

7. Net Income (Loss) Share

 

Basic earnings and net income (loss) per share are computed by dividing the net income (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 June 30, 2023 and 2022, 646,555 and 646,401 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. For the six months ended June 30, 2023 and 2022, 646,555 and 646,401 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) income per share calculation for the periods presented:

 

   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2023   2022   2023   2022 
Net income (loss) from operations – basic and diluted
  $135,629   $(1,128,706)  $(518,313)  $(1,867,651)
Weighted average shares outstanding – basic   9,222,157    9,771,608    9,222,256    9,801,715 
Weighted average shares outstanding – diluted   9,222,157    9,771,608    9,222,256    9,801,715 
Per share data:                    
Basic from operations  $0.01   $(0.12)  $(0.07)  $(0.19)
Diluted from operations  $0.01   $(0.12)  $(0.07)  $(0.19)