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EARNINGS (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

NOTE 9 — EARNINGS (LOSS) PER SHARE

 

Basic loss per share (“EPS”) is computed by dividing net loss by the weighted-average number of common shares outstanding. Diluted EPS is computed based on the sum of the weighted-average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares consist of shares issuable from convertible debt, stock options and warrants.

 

The following potentially dilutive securities have been excluded from diluted net loss per share as of December 31, 2023 and 2022 because their effect would be anti-dilutive:

 

   2023   2022 
  

For the Years Ended

December 31,

 
   2023   2022 
         
Net loss used for basic earnings per share  $(13,417,212)  $(18,640,543)
           
Basic weighted-average common shares outstanding   5,072,709    3,840,340 
Dilutive potential shares issuable from convertible debt, stock options and warrants   —    — 
Diluted weighted-average common shares outstanding   5,072,709    3,840,340