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NOTE 9 — Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

NOTE 9 — Net Income (Loss) Per Share

NOTE 9 — Net Income (Loss) Per Share

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

	Three Months Ended June 30,								Six Months Ended June 30,
	2023				2022				2023				2022
Numerator:
Net income (loss)	$	(512,816	)		$	103,959			$	(1,506,236	)		$	445,892
Net income (loss) allocated to restricted stock award		(66,541	)			10,521				(189,740	)			43,773
Adjusted net income (loss) for basic earnings per share	$	(446,275	)		$	93,438			$	(1,316,496	)		$	402,119
Convertible note interest		—				—				—				—
Adjusted net income (loss) before interest for diluted earnings per share	$	(446,275	)		$	93,438			$	(1,316,496	)		$	402,119
Denominator: Weighted average shares outstanding used in computing net income (loss) per share:
Basic		7,163,608				7,219,646				7,135,149				7,225,641
Effect of dilutive stock options		—				423,669				—				462,339
Effect of convertible note weighted shares		—				—				—				—
Diluted		7,163,608				7,643,315				7,135,149				7,687,980
Net income (loss) per share applicable to common stockholders:
Basic	$	(0.06	)		$	0.01			$	(0.18	)		$	0.06
Diluted	$	(0.06	)		$	0.01			$	(0.18	)		$	0.05

SOCKET MOBILE, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS
(Unaudited)

June 30, 2023

In the three and six months ended June 30, 2023, 1,167,384 stock options, 2,152,934 shares for convertible notes, and 50,000 warrants were excluded in the calculation of diluted net loss per share as their effect would have been anti-dilutive.

In the three and six months ended June 30, 2022, 939,168 and 903,369 stock options, respectively, were excluded in the calculation of diluted net income per share as their effect would have been anti-dilutive. In the three and six months ended June 30, 2022, 50,000 warrants were also excluded in the calculation of diluted net income per share as their effect would have been anti-dilutive.

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- References

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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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