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Basic earnings per share are computed on the weighted average of common
shares outstanding during each year. Diluted earnings per share includes only an increase in the weighted average shares by the
common shares issuable upon exercise of stock options. See “NOTE 4 — STOCK-BASED COMPENSATION” for further detail.
Schedule of net income per common share
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Years Ended |
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December 31, 2022 |
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December 31, 2021 |
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| Net loss |
|
$ |
(8,661,142 |
) |
|
$ |
(4,562,823 |
) |
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| Weighted Average Outstanding Shares: |
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| Outstanding shares |
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|
45,002,074 |
|
|
|
44,385,032 |
|
| Option shares includable |
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|
— |
(a) |
|
|
— |
(a) |
| Restricted stock includable |
|
|
— |
(b) |
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|
— |
(b) |
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Total
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|
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45,002,074 |
|
|
|
44,385,032 |
|
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|
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| Net loss per share |
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| Basic |
|
$ |
(0.19 |
) |
|
$ |
(0.10 |
) |
| Diluted |
|
$ |
(0.19 |
) |
|
$ |
(0.10 |
) |
__________
| (a) |
Option shares of zero and 273,110 for 2022 and 2021, respectively were not included as the impact is anti-dilutive. |
| (b) |
Linda Tharby's Restricted Stock award shares of 950,000 and 1,000,000 that are unvested for 2022 and 2021, respectively were not included as the impact is anti-dilutive. |
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