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NET LOSS PER SHARE
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

11. NET LOSS PER SHARE

 

Basic net loss per share is computed using the weighted average number of common shares outstanding during the year. The following table sets forth the computation of basic and diluted net loss per share for the years ended December 31, 2023 and 2022:

 

SCHEDULE OF COMPUTATION OF BASIC AND DILUTED NET LOSS PER SHARE 

Schedule of computation of net loss per share: 

For the year ended
December 31, 2023

(Audited)

  

For the year ended
December 31, 2022

(Audited)

 
Net loss attributable to common shareholders  $(302,872)  $(94,276)
           
Weighted average common shares outstanding – Basic and diluted   97,304,864    92,519,843 
           
Net loss per share – Basic and diluted (cent)#  $(0.00)  $(0.09)

 

# For the year ended December 31, 2023 and 2022, diluted weighted-average common shares outstanding is equal to basic weighted-average common shares, due to the Company’s net loss position. Hence, no common stock equivalents were included in the computation of diluted net loss per share since such inclusion would have been antidilutive.