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Earnings Per Share

3 Months Ended

Mar. 31, 2023

(9)	Earnings Per Share

Earnings per share calculation information is as follows:


	Three months ended March 31,
	2022			2023
Net loss	$	(3,738,945	)	$	(3,536,566	)

Weighted-average shares outstanding:
Basic		29,370,789			29,785,759
Effect of dilutive restricted stock units and restricted stock		—			—

Diluted		29,370,789			29,785,759

Net loss per Class A and Class B common share – basic and diluted	$	(0.13	)	$	(0.12	)

The Company excluded the effect of restrictive stock units and restricted stock under the treasury stock method when reporting a net loss as the addition of shares was anti-dilutive. The number of shares excluded was 178,625 and 123,738 for the three months ended March 31, 2022 and 2023, respectively.