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NOTE 9 — Net Income Per Share

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

NOTE 9 — Net Income Per Share

NOTE 9 — Net Income Per Share

The following table sets forth the reconciliation of basic shares to diluted shares and the computation of basic and diluted net income per share:

		Three Months Ended March 31,
		2023				2022
Numerator:
Net income (loss)		$	(993,420)			$	341,933
Net income allocated to restricted stock award			121,264				31,752
Adjusted net income (loss) before interest for diluted earnings per share		$	(872,156)			$	310,181
Denominator:
Weighted average shares outstanding used in computing net income (loss) per share:
Basic			7,106,746				7,234,163
Effect of dilutive stock options			—				490,194
Diluted			7,106,746				7,724,357
Net income (loss) per share applicable to common stockholders:
Basic		$	(0.12)			$	0.04
Diluted		$	(0.12)			$	0.04

In the three months ended March 31, 2023, the shares used in computing diluted net loss per share do not include 1,262,027 stock options, 50,000 warrants and 958,904 shares related to convertible notes payable as their effect would be anti-dilutive.

In the three months ended March 31, 2022, the shares used in computing diluted net loss per share do not include 287,928 stock options, 50,000 warrants and 958,904 shares related to convertible notes payable as their effect would be anti-dilutive.

SOCKET MOBILE, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

March 31, 2023

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- References

No definition available.

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- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-2

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