XML 46 R28.htm IDEA: XBRL DOCUMENT v3.23.1
Loss per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Loss per Share

22. Loss per Share

 

For the year ended December 31, 2022, loss per share is $0.72 (basic and diluted) compared to that of the year ended December 31, 2021 of $0.69 (basic and diluted) using the weighted average number of shares of 17,078,480 (basic and diluted) and 11,504,147 (basic and diluted), respectively.

 

There are 299,000,000 shares authorized and 17,159,376 and 16,951,034 shares issued and outstanding, as at December 31, 2022 and 2021, respectively. The computation of loss per share is based on the weighted average number of shares outstanding during the period in accordance with ASC Topic No. 260, “Earnings Per Share.” Shares underlying the Company’s outstanding warrants and convertible promissory notes were excluded due to the anti-dilutive effect they would have on the computation. As at December 31, 2022, the Company has 3,939,924 warrants convertible to 4,239,924 common shares, 2,645,000 restricted stock to be issued, and 785,000 stock options exercisable for 785,000 common shares for a total underlying common shares of 7,669,924. As at December 31, 2021, the Company had 5,658,315 warrants convertible to 6,649,305 common shares, 45,000 restricted stock to be issued, and 712,500 stock options exercisable for 712,500 common shares for a total underlying common shares of 7,406,805.