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Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

9. Earnings (Loss) Per Share

Shares used in calculating basic and diluted earnings (loss) per share are as follows:

Year Ended

December 31, 

    

2021

    

2020

Basic

19,455,987

 

19,117,460

 

Effect of exercise of warrants

 

 

Effect of exercise of stock options

Diluted

19,455,987

 

19,117,460

 

As a result of the net loss presented for the Current Year and Prior Year, the Company calculated diluted earnings (loss) per share using basic weighted-average shares outstanding for such period, as utilizing diluted shares would be anti-dilutive to loss per share.

The computation of basic and diluted earnings (loss) per share excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive:

Year Ended

December 31, 

    

2021

    

2020

Stock options and warrants

5,747,035

 

7,759,190