Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) per Share

v3.23.1
Earnings (Loss) per Share
3 Months Ended
Mar. 31, 2023
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS  
Earnings (Loss) per Share

Note 4. Earnings (Loss) per Share

 

Net income (loss) per common share is calculated in accordance with Accounting Standards Codification (“ASC”) Topic 260: Earnings per Share (“ASC 260”). Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include dilutive common stock equivalents in the weighted average shares outstanding as they would be anti-dilutive. In periods where the Company has a net loss, all dilutive securities are excluded.

 

                 
    Three Months Ended March 31,  
    2023     2022  
Net loss attributable to common shareholders   $ (1,187,230 )   $ (850,083 )
                 
Basic weighted average common shares outstanding     14,415,458       9,166,877  
Potentially dilutive common shares            
Diluted weighted average common shares outstanding     14,415,458       9,166,877  
                 
Basic weighted average loss per common share   $ (0.08 )   $ (0.09 )
Diluted weighted average loss per common share   $ (0.08 )   $ (0.09 )