Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Earnings (Loss) Per Share

v3.23.2
Note 4 - Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

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 June 30,

   

Six Months Ended June 30,

 
   

2023

   

2022

   

2023

   

2022

 

Net loss attributable to common shareholders

  $ (4,340,741 )   $ (1,655,861 )   $ (5,527,971 )   $ (2,505,944 )
                                 

Basic weighted average common shares outstanding

    18,071,802       9,293,096       16,253,730       9,230,335  

Potentially dilutive common shares

    -       -       -       -  

Diluted weighted average common shares outstanding

    18,071,802       9,293,096       16,253,730       9,230,335  
                                 

Basic weighted average loss per common share

  $ (0.24 )   $ (0.18 )   $ (0.34 )   $ (0.27 )

Diluted weighted average loss per common share

  $ (0.24 )   $ (0.18 )   $ (0.34 )   $ (0.27 )