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

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

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

7.     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 three months ended March 31, 2023 and 2022: 

	Three Months Ended March 31,
	2023			2022
Numerator:
Net loss	$	(160,130	)	$	(309,395	)
Denominator:
Weighted average common shares:
Denominator for basic calculation		52,403,454			51,818,676
Weighted average effects of potentially diluted common stock:
Stock options (calculated using the treasury method)		–			–
Unvested restricted stock awards		–			–
Denominator for fully diluted calculation		52,403,454			51,818,676
Net loss per common share:
Basic	$	(0.00	)	$	(0.01	)
Fully diluted	$	(0.00	)	$	(0.01	)

Due to the net loss for the three months ended March 31, 2023 and 2022, 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 those periods. For the three months ended March 31, 2023, the amount of potential common share equivalents excluded were 1,839,500 for stock options and 3,698,000 for unvested restricted stock awards. For the three months ended March 31, 2022, the amount of potential common share equivalents excluded were 1,891,800 for stock options and 1,254,000 for unvested restricted stock awards.