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(LOSS) INCOME PER SHARE
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
(LOSS) INCOME PER SHARE

Note 19     (LOSS) INCOME PER SHARE

 

The following table sets forth the computation of basic and diluted (loss) earnings per common share for the years ended December 31, 2022 and 2021.

 Schedule of earnings (loss) per share        
   For the years ended December 31, 
   2022   2021 
Net loss  $(4,812,908)   (9,619,079)
Net loss from continuing operations   (2,074,329)   (10,141,123)
Net (loss) income from discontinued operations   (2,662,260)   522,044 
           
Weighted Average Shares Outstanding - Basic and Diluted   7,876,367    6,107,727  
           
Loss per share - basic and diluted   (0.6111)   (1.5749)
Net loss per share from continuing operations – basic and diluted (1)   (0.2731)   (1.6604)
Net (loss) income per share from discontinued operations – basic and diluted (1)   (0.3380)   0.0855 

 

Basic (loss) income per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted (loss) per income share is the same as basic loss per share due to the lack of dilutive items in the Company for the years ended December 31, 2022 and 2021. The number of warrants is excluded from the computation as the anti-dilutive effect.

 

(1)    On August 11, 2022, the Company effected a 2:3 reverse stock split for each share of common stock issued and outstanding. All shares and associated amounts have been retroactively restated to reflect the stock split.