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Net Loss Per Share
 3 Months Ended
Mar. 31, 2024
Net Loss Per Share [Abstract]  
Net Loss Per Share

7. Net Loss Per Share

 

Basic net loss per share is 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 net loss 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, 2024 and 2023, 763,736 and 650,155 of shares issuable upon the exercise of outstanding stock options, respectively, were not included in the computation of diluted net loss per share 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,
(unaudited)		 
   2024   2023 
Net loss – basic and diluted
  $(492,307)  $(738,298)
Weighted average shares outstanding – basic   9,222,157    9,222,356 
Weighted average shares outstanding – diluted   9,222,157    9,222,356 
Per share data:          
Basic  $(0.05)  $(0.08)
Diluted  $(0.05)  $(0.08)