BASIC AND DILUTED NET LOSS PER COMMON SHARE

12 Months Ended

Dec. 31, 2021

BASIC AND DILUTED NET LOSS PER COMMON SHARE

BASIC AND DILUTED NET LOSS PER COMMON SHARE

NOTE 4 - BASIC AND DILUTED NET LOSS PER COMMON SHARE:

Basic loss per common share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding. Diluted loss per share is computed by dividing the net loss by the sum of the weighted-average number of shares of common stock outstanding plus the dilutive effect of shares issuable through the exercise of common stock equivalents.

We have excluded 6,909,000 and 6,909,000 common stock equivalents (warrants - Note 6) from the calculation of diluted loss per share for the years ended December 31, 2021 and 2020, respectively, which, if included, would have an antidilutive effect.