Three Months Ended

September 30,

Nine Months Ended

September 30,

2022

2021

2022

2021

Numerator:

Net income (loss)

$

(874,034

)

$

643,626

$

(428,142

)

$

3,473,635

Net income (loss) allocated to restricted stock award

92,388

(55,001

)

42,794

(297,932

)

Adjusted net income (loss) for basic earnings per share

$

(781,646

)

$

588,625

$

(385,348

)

$

3,175,703

Convertible note interest

—

43,560

—

132,315

Adjusted net income (loss) before interest for diluted earnings per share

$

(781,646

)

$

632,185

$

(385,348

)

$

3,308,018

Denominator: Weighted average shares outstanding used in computing net income (loss) per share:

Basic

7,153,210

7,162,924

7,202,239

6,927,837

Effect of dilutive stock options

—

817,556

—

1,045,654

Effect of convertible note weighted shares

—

958,904

—

958,904

Diluted

7,153,210

8,939,384

7,202,239

8,932,395

Net income (loss) per share applicable to common stockholders:

Basic

$

(0.11

)

$

0.08

$

(0.05

)

$

0.46

Diluted

$

(0.11

)

$

0.07

$

(0.05

)

$

0.37