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LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDER
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDER

NOTE 8 - 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, 2023 and 2022 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, 2023   December 31, 2022 
Stock options - employee and non-employee   112,685    147,619 
Warrants   8,633,229    78,252 
Total   8,745,915    225,871 

 

The diluted loss per share equals basic loss per share in the year ended December 31, 2023 and 2022 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.