Three Months Ended September 30,

Nine Months Ended September 30,

2022

2021

2022

2021

Numerator:

Net income (loss)

$

852,109

$

(271,006

)

$

314,680

$

(2,826,500

)

Denominator:

Weighted average common shares:

Denominator for basic calculation

52,142,225

51,154,725

51,968,496

50,754,652

Weighted average effects of potentially diluted common stock:

Stock options (calculated using the treasury method)

594,553

–

457,256

–

Unvested restricted stock awards

628,247

–

250,955

–

Denominator for fully diluted calculation

53,365,025

51,154,725

52,676,707

50,754,652

Net income (loss) per common share:

Basic

$

0.02

$

(0.01

)

$

0.01

$

(0.06

)

Fully diluted

$

0.02

$

(0.01

)

$

0.01

$

(0.06

)