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LOSS PER SHARE APPLICABLE TO COMMON STOCKHOLDER
 9 Months Ended
Sep. 30, 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 (“Basic EPS”) 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 and nine months ended September 30, 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:

 

   September 30, 2022   September 30, 2021 
Series D Preferred Stock   -    153,000 
Stock Options - employee and non-employee   2,977,499    1,914,699 
Warrants   2,309,347    2,309,347 
Total   5,286,846    4,224,199 

 

The diluted loss per share equals basic loss per share in the three and nine months ended September 30, 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.