EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

Net income (loss) per share of common stock:

EARNINGS PER SHARE

NOTE 3 – EARNINGS PER SHARE

Basic Earnings Per Share (“EPS”) is computed as net income (loss) available to common stockholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through convertible preferred stock, stock options, and warrants.

For the three months ended March 31, 2022, the calculation of diluted income per common share included 149,400 warrants to purchase one share of common stock. At March 31, 2023 and 2022, the potentially dilutive common stock equivalents not included in the calculation of diluted earnings per share as their effect would have been anti-dilutive were as follows:

	March 31, 2023		March 31, 2022
Warrants		12,346,215		9,400,207
Convertible preferred stock		-		1,692,672
TOTAL POSSIBLE DILUTIVE SHARES		12,346,215		11,092,879