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Net Loss per Common Share
9 Months Ended
Sep. 30, 2024
Net loss per common share  
Net Loss per Common Share

Note 4. Net Loss per Common Share

 

Basic loss per common share is calculated based upon the net loss available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated after adjusting the denominator of the basic earnings per share computation for the effects of all dilutive potential common shares outstanding during the period. The dilutive effects of preferred stock, options and warrants and their equivalents are computed using the treasury stock method.

 

The total number of shares of common stock issuable upon exercise of warrants, stock option grants and equity awards were 6,712,499 and 1,147,960 shares for the nine months ended September 30, 2024 and 2023, respectively. For the three-month and nine-month periods ended September 30, 2024 and 2023, diluted loss per common share was the same as basic loss per common share as the other warrants, and equity awards that were convertible into shares of the Company’s common stock were excluded from the calculation of diluted loss per common share as their effect would have been anti-dilutive. The Company did not pay any dividends during the first nine months of 2024 or 2023.