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LOSS PER SHARE APPLICABLE TO COMMON STOCKHOLDER
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
LOSS PER SHARE APPLICABLE TO COMMON STOCKHOLDER

NOTE 5 – LOSS PER SHARE APPLICABLE TO COMMON STOCKHOLDER

 

Basic net loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. All outstanding stock options and warrants for the three months ended March 31, 2022 and 2021 have been excluded from the calculation of the diluted net loss per share because all such securities are anti-dilutive for all periods presented.

 

The following table summarizes the Company’s securities, in common stock equivalents, which have been excluded from the calculation of dilutive loss per share as their effect would be anti-dilutive:

 

    March 31, 2022     March 31, 2021  
Series D Preferred Stock     -       153,000  
Series E Preferred Stock     -       875,000  
Stock Options - employee and non-employee     2,659,999       1,928,544  
Warrants     2,309,347       5,447,594  
Total     4,969,346       8,404,138  

 

The diluted loss per share equals basic loss per share in the three months ended March 31, 2022 and 2021 because the Company had a net loss and the impact of the assumed exercise of stock options and the vesting of restricted stock would have been anti-dilutive.