XML 24 R15.htm IDEA: XBRL DOCUMENT v3.23.3

NOTE 9 — Net Income (Loss) Per Share

9 Months Ended

Sep. 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 September 30,								Nine Months Ended September 30,
	2023				2022				2023				2022
Numerator:
Net loss	$	(1,324,995	)		$	(874,034	)		$	(2,831,231	)		$	(428,142	)
Net loss allocated to restricted stock award		159,196				92,388				351,024				42,794
Adjusted net loss for basic earnings per share	$	(1,165,799	)		$	(781,646	)		$	(2,480,207	)		$	(385,348	)
Convertible note interest		—				—				—				—
Adjusted net loss before interest for diluted earnings per share	$	(1,165,799	)		$	(781,646	)		$	(2,480,207	)		$	(385,348	)
Denominator: Weighted average shares outstanding used in computing net loss per share:
Basic		7,319,782				7,153,210				7,197,371				7,202,239
Effect of dilutive stock options		—				—				—				—
Effect of convertible note weighted shares		—				—				—				—
Diluted		7,319,782				7,153,210				7,197,371				7,202,239
Net loss per share applicable to common stockholders:
Basic	$	(0.16	)		$	(0.11	)		$	(0.34	)		$	(0.05	)
Diluted	$	(0.16	)		$	(0.11	)		$	(0.34	)		$	(0.05	)

SOCKET MOBILE, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

September 30, 2023

In the three and nine months ended September 30, 2023, 1,152,384 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 nine months ended September 30, 2022, 1,334,522 stock options and 50,000 warrants were excluded in the calculation of diluted net income per share as their effect would have been anti-dilutive.

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

+ Details

Name:	us-gaap_EarningsPerSharePolicyTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration