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