BASIC AND FULLY DILUTED NET INCOME (LOSS) PER COMMON SHARE

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

BASIC AND FULLY DILUTED NET INCOME (LOSS) PER COMMON SHARE

8.      BASIC AND FULLY DILUTED NET INCOME (LOSS) PER COMMON SHARE

The following table sets forth the computation of basic and fully diluted net loss per common share for the years ended December 31, 2021 and 2020: 

	2021			2020
Numerator:
Net loss attributable to Paysign, Inc.	$	(2,721,334	)	$	(9,141,562	)
Denominator:
Weighted average common shares:
Denominator for basic calculation		50,975,794			49,272,494
Weighted average effects of potentially diluted common stock:
Stock options (calculated under treasury method)		–			–
Unvested restricted stock awards		–			–
Denominator for fully diluted calculation		50,975,794			49,272,494
Net loss per common share:
Basic	$	(0.05	)	$	(0.19	)
Fully diluted	$	(0.05	)	$	(0.19	)

Due to the net loss for the years ended December 31, 2021 and 2020, the effect of all potential common share equivalents was anti-dilutive, and therefore, all such shares were excluded from the computation of diluted weighted average shares outstanding for both periods. For the year ended December 31, 2021, the amount of potential common share equivalents excluded were 1,920,000 for stock options and 1,336,000 for unvested restricted stock awards. For the year ended December 31, 2020, the amount of potential common share equivalents excluded were 2,687,700 for stock options and 2,232,689 for unvested restricted stock awards.