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NET LOSS PER SHARE
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

NOTE 16. NET LOSS PER SHARE

 

The calculation of the weighted average number of shares outstanding and loss per share outstanding for the three months ended March 31, 2024 and 2023 are as follows:

 

   2024   2023  
   Three months ended March 31, 
   2024   2023 
Numerator for basic and diluted loss per share – Net loss attributable to common stockholders  $(3,931,020)  $(6,105,818)
           
Denominator for basic loss per share – weighted average shares outstanding   2,861,229    2,751,662 
Dilutive effect of shares issuable upon conversion of convertible debt and the exercise of stock options and warrants outstanding   —    — 
           
Denominator for diluted loss per share – adjusted weighted average shares outstanding   2,861,229    2,751,662 
           
Net loss per share:          
Basic  $(1.37)  $(2.22)
Diluted  $(1.37)  $(2.22)

 

Basic income (loss) per share is based upon the weighted average number of common shares outstanding during the period. For the three months ended March 31, 2024 and 2023, 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.