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Net Loss Per Share
 6 Months Ended
Jun. 30, 2021
Net Loss Per Share  
Net Loss Per Share

(11) Net Loss Per Share

The Company reported a net profit for the three months ended June 30, 2021, and a net loss for the three months ended June 30, 2020. For the six months ended June 30, 2021 and 2020, the Company reported net losses. Basic and diluted net loss per share attributable to common stockholders are the same for all periods in which the Company reported losses because shares issuable on conversion of all convertible promissory notes, upon exercise of all warrants, and upon exercise of vested stock options have been excluded from the computation of diluted weighted-average shares outstanding because their inclusion would have an antidilutive impact. In the three months ended June 30, 2021, only shares issuable on the exercise of vested stock options have been included in the computation of diluted weighted-average shares outstanding because the effect of doing so was dilutive. Since the contingency allowing for the conversion of the convertible promissory notes and exercise of the warrants has not been met, shares issuable on the conversion of the promissory notes and exercise of warrants have been excluded from the computation of diluted weighted-average shares outstanding.

The following table sets forth the computation of basic and diluted net earnings (loss) per share:

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Three Months Ended

    

Six Months Ended

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June 30, 

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June 30, 

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2021

    

2020

    

2021

    

2020

Basic earnings (loss) per share

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Numerator

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Net income (loss)

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$

2,770,904

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$

(127,198)

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$

(1,714,434)

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$

(168,458)

Denominator

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Weighted-average common shares outstanding

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4,636,216

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4,636,216

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4,636,216

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4,636,216

Net earnings (loss) per share

​

$

0.60

​

$

(0.03)

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$

(0.37)

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$

(0.04)

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Diluted earnings (loss) per share

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Numerator

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Net income (loss)

​

$

2,770,904

​

$

(127,198)

​

$

(1,714,434)

​

$

(168,458)

Denominator

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Weighted-average common shares outstanding

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5,400,184

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4,636,216

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4,636,216

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4,636,216

Net earnings (loss) per share

​

$

0.51

​

$

(0.03)

​

$

(0.37)

​

$

(0.04)

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Shares issuable upon the exercise of stock options shown in the computation of diluted earnings (loss) per weighted-average share outstanding are assumed as follows:

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Three Months Ended June 30,

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Six Months Ended June 30,

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2021

    

2020

    

2021

    

2020

Shares issuable on exercise of vested Options

 

763,968

 

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