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NET EARNINGS (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
NET EARNINGS (LOSS) PER SHARE

NOTE 16. NET EARNINGS (LOSS) PER SHARE

 

The calculation of the weighted average number of shares outstanding and loss per share outstanding for the three and nine months ended September 30, 2023 and 2022 are as follows:

 

   2023   2022   2023   2022 
   For the three months ended
September 30,		   For the nine months ended
September 30,		 
   2023   2022   2023   2022 
Numerator for basic and diluted income per share – Net loss attributable to common stockholders  $(3,708,673)  $(1,902,475)  $(18,207,795)  $(9,568,134)
                     
Denominator for basic loss per share – weighted average shares outstanding   2,800,752    2,518,261    2,779,530    2,498,681 
Dilutive effect of shares issuable under stock options and warrants outstanding   —    —    —    — 
                     
Denominator for diluted loss per share – adjusted weighted average shares outstanding   2,800,752    2,518,261    2,779,530    2,498,681 
                     
Net loss per share:                    
Basic  $(1.32)  $(0.76)  $(6.55)  $(3.83)
Diluted  $(1.32)  $(0.76)  $(6.55)  $(3.83)

 

 

Basic income (loss) per share is based upon the weighted average number of common shares outstanding during the period. For the three and nine months ended September 30, 2023 and 2022, all shares issuable upon conversion of convertible debt and the exercise of outstanding stock options and warrants were antidilutive, and, therefore, not included in the computation of diluted income (loss) per share.