Loss per Common Share

6 Months Ended

Jun. 30, 2024

LOSS PER COMMON SHARE

Basic earnings (loss) per common share is computed by dividing the net income or loss by the basic weighted-average number of shares of common stock outstanding during each period presented. Although restricted stock is issued upon the grant

of an award, the Company excludes restricted stock from the computations of the weighted-average number of shares of common stock outstanding until the stock vests. Diluted loss per share is computed by dividing the net income or loss by the sum of the total of the basic weighted-average number of shares of common stock outstanding plus the additional dilutive securities that could be exercised or converted into common shares during each period presented less the amount of shares that could be repurchased using the proceeds from the exercises.


	Three Months Ended			Six Months Ended
		June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Net loss		$	(2,194,828)	$	(1,033,426)	$	(5,460,678)	$	(3,839,765)
Weighted average shares outstanding - basic and diluted		16,437,460		15,520,700		16,470,467		15,551,785
Basic and diluted loss per common share		$	(0.13)	$	(0.07)	$	(0.33)	$	(0.25)

The Company excluded the following weighted average items from the above computation of diluted loss per common share, as their effect would be anti-dilutive:


	Three Months Ended		Six Months Ended
		June 30, 2024	June 30, 2023	June 30, 2024	June 30, 2023
Stock options		342,779	400,188	342,779	416,195
Restricted stock units		1,446,169	426,467	1,401,721	397,303
Restricted stock		—	—	—	24
Total excluded shares		1,788,948	826,655	1,744,500	813,522