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Loss per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share of Common Stock

The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock for the three and nine months ended September 30, 2024 and 2023:

 Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share of Common Stock

		2024				2023				2024				2023
		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Basic loss per share attributable to common stock:
Numerator
Net loss		$	(2,218,818	)		$	(6,650,970	)		$	(1,773,831	)		$	(14,069,829	)
Denominator
Weighted avg. common shares outstanding			5,347,940				5,292,058				5,335,941				5,254,116
Basic earnings loss per share attributable to common stock		$	(0.41	)		$	(1.26	)		$	(0.33	)		$	(2.68	)
Diluted loss per share attributable to common stock:
Numerator
Net loss		$	(2,218,818	)		$	(6,650,970	)		$	(1,773,831	)		$	(14,069,829	)
Effect of dilutive securities on net loss:
Common stock warrants			138,081				74,827				13,580				200,416
Total net loss for purpose of calculating diluted loss per common share		$	(2,356,899	)		$	(6,725,797	)		$	(1,787,411	)		$	(14,270,245	)
Denominator
Weighted avg. common shares outstanding			5,347,940				5,292,058				5,335,941				5,254,116
Weighted average effect of dilutive securities:
Stock options			-				-				-				-
Restricted stock units			-				-				-				-
Dilutive securities			-				-				-				-
Total shares for purpose of calculating diluted net loss per common share			5,347,940				5,292,058				5,335,941				5,254,116
Diluted loss per share attributable to common stock		$	(0.44	)		$	(1.27	)		$	(0.33	)		$	(2.72	)

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

The computation of diluted loss per share for the three and nine months ended September 30, 2024 and 2023 does not include the following stock options and warrants to purchase shares of common stock or unvested restricted stock units in the computation of diluted loss per share because these instruments were antidilutive:

 Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

		For the Three and Nine Months Ended September 30,
		2024				2023
Stock options			286,484				264,069
Unvested restricted stock units			21,762				-
Warrants			49,333				49,433

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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