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Earnings Per Share
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

11. EARNINGS PER SHARE

 

The Company calculates earnings per share in accordance with FASB ASC 260, Earnings Per Share, which requires a dual presentation of basic and diluted earnings per share. Basic earnings per share are computed using the weighted average number of shares outstanding during the fiscal year. Potentially dilutive common shares consist of stock options outstanding (using the treasury method).

 

The following table sets forth the computation of basic and diluted net income per common share:

 

   Nine-Month Period   Three-Month Period 
   Ended September 30,   Ended September 30, 
   2022   2021   2022   2021 
Net Loss  $(2,422,320)  $(2,576,136)  $(920,060)  $(1,940,973)
Weighted Average Shares of Common Stock Outstanding                    
Basic   11,844,900    10,437,239    11,679,523    10,842,264 
Diluted   11,844,900    10,437,239    11,679,523    10,842,264 
                     
Earnings Per Share - Basic                    
Net Loss Per Share   (0.20)   (0.25)   (0.08)   (0.18)
                     
Earnings Per Share - Diluted                    
Net Loss Per Share   (0.20)   (0.25)   (0.08)   (0.18)