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Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2024
Net Income (Loss) Per Share [Abstract]  
Net Income (Loss) Per Share

7. Net Income (Loss) Per Share

 

Basic net income (loss) per share is 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 net income (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 (loss) per share. For the nine months ended September 30, 2024 and 2023, 739,164 and 642,749 of shares issuable upon the exercise of outstanding stock options, respectively, were not included in the computation of diluted net income (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   Nine Months Ended 
   September 30,
(unaudited)		   September 30,
(unaudited)		 
   2024   2023   2024   2023 
Net loss – basic and diluted  $(1,509,250)  $(181,576)  $(2,935,708)  $(784,245)
Weighted average shares outstanding – basic   9,227,307    9,222,157    9,223,886    9,222,223 
Weighted average shares outstanding – diluted   9,227,307    9,222,157    9,223,886    9,222,223 
Per share data:                    
Basic  $(0.16)  $(0.02)  $(0.32)  $(0.09)
Diluted  $(0.16)  $(0.02)  $(0.32)  $(0.09)