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Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net (Loss) Income Per Share

Basic and diluted net loss per share were calculated as follows for the three and nine month periods ended September 30, 2024 and 2023:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Basic and diluted net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(6,815,384

)

 

$

(3,638,608

)

 

$

(10,499,551

)

 

$

(6,438,616

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

21,049,270

 

 

 

20,569,111

 

 

 

20,897,324

 

 

 

20,407,284

 

Effect of dilutive securities

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Weighted average common shares outstanding - diluted

 

 

21,049,270

 

 

 

20,569,111

 

 

 

20,897,324

 

 

 

20,407,284

 

Net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.32

)

 

$

(0.18

)

 

$

(0.50

)

 

$

(0.32

)

Diluted

 

$

(0.32

)

 

$

(0.18

)

 

$

(0.50

)

 

$

(0.32

)