NET LOSS PER COMMON SHARE

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 3 – NET INCOME (LOSS) PER COMMON SHARE

The Company’s basic income (loss) per common share is based on net income (loss) for the relevant period, divided by the weighted average number of common shares outstanding during the period. Diluted income (loss) per common share is based on net income (loss), divided by the weighted average number of common shares outstanding during the period, including common share equivalents, such as outstanding option and warrants to the extent they are dilutive.

For the three months ended March 31, 2023 and 2022, the average market prices for the periods ended are less than the exercise price of all the outstanding stock options, therefore, the inclusion of the stock options would be anti-dilutive. In addition, for the three months ended March 31, 2022, since the Company has a net loss, the effect of common stock equivalents is anti-dilutive, and, as such, common stock equivalents have been excluded from the calculation.

	Three Months Ended		Three Months Ended
	March 31, 2023		March 31, 2022
Basic net income (loss) per share computation:
Net income (loss)	$	277,491	$	(40,656	)
Weighted-average common shares outstanding		5,256,177		5,136,177
Basic net income (loss) per share	$	0.05	$	(0.01	)
Diluted net income (loss) per share computation:
Net income (loss) per above	$	277,491	$	(40,656	)
Weighted-average common shares outstanding		5,256,177		5,136,177
Total adjusted weighted-average shares		5,256,177		5,136,177
Diluted net income (loss) per share	$	0.05	$	(0.01	)

The following table summarizes securities that, if exercised, would have an anti-dilutive effect on income (loss) per share.

	Three Months March 31, 2023		Three Months March 31, 2022
Stock options		158,420		165,620
Total potential dilutive securities not included in income (loss) income per share		158,420		165,620