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LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDER
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDER

NOTE 9 - LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDER

 

Basic net loss per common share (“Basic EPS”) is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. All outstanding share options and warrants for the years ended December 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 share equivalents, which have been excluded from the calculation of dilutive loss per share as their effect would be anti-dilutive:

 

   December 31, 2022   December 31, 2021 
Stock options - employee and non-employee   147,619    127,000 
Warrants   78,252    115,467 
Total   225,871    242,467 

 

The diluted loss per share equals basic loss per share in the year ended December 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.