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Net (Loss) Income Per Share
 12 Months Ended
Dec. 31, 2024
Net (Loss) Income Per Share [Abstract]  
Net (Loss) Income Per Share

8. Net (Loss) Income Per Share

 

Basic earnings and net (loss) income per share are computed by dividing the net (loss) 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, 2024, 618,818 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, 2023, 740,814 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.

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

 

   Years Ended 
   December 31, 
   2024   2023 
Net (loss) from continuing operations  $(4,268,675)  $(2,687,008)
Net (loss) income from discontinued operations  $(4,157,534)  $1,619,673 
Net (loss) from operations – basic and diluted  $(8,426,209)  $(1,067,335)
Weighted average shares outstanding – basic   9,227,197    9,222,206 
Weighted average shares outstanding – diluted   9,227,197    9,222,206 

 

Per share data:        
Basic from continuing operations  $(0.48)  $(0.29)
Diluted from continuing operations  $(0.48)  $(0.29)
Basic from discontinued operations  $(0.43)  $0.17 
Diluted from discontinued operations  $(0.43)  $0.17 
Basic from operations  $(0.91)  $(0.12)
Diluted from operations  $(0.91)  $(0.12)