XML 27 R18.htm IDEA: XBRL DOCUMENT v3.22.2
Basic and Diluted Net Loss per Common Share
6 Months Ended
Jun. 30, 2022
Basic and Diluted Net Loss per Common Share  
Basic and Diluted Net Loss per Common Share

12)    Basic and Diluted Net Income (Loss) per Common Share

The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net loss per share:

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30, 

    

2022

    

2021

    

2022

    

2021

Numerator

 

  

 

  

  

 

  

Net income (loss)

$

(1,811,792)

$

(2,112,917)

$

(1,986,016)

$

896,164

Denominator

 

 

 

  

 

  

Weighted-average common shares for basic net income (loss) per share

 

20,684,723

 

9,802,309

 

20,684,723

 

9,777,834

Effect of common share equivalents within common stock warrants

 

 

 

 

1,501

Weighted-average common shares for dilutive net income (loss) per share

 

20,684,723

 

9,802,309

 

20,684,723

 

9,779,335

Basic and diluted net income (loss) per common share

$

(0.09)

$

(0.22)

$

(0.10)

$

0.09

The following table summarizes the potentially dilutive securities convertible into common shares that were excluded from the calculation of diluted net income (loss) per share because their inclusion would have been antidilutive:

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30, 

    

2022

    

2021

    

2022

    

2021

Stock Options

 

590,669

 

1,213,301

590,669

 

1,213,301

Warrants

 

10,039,021

 

4,407,962

10,039,021

 

4,405,182

Total

 

10,629,690

 

5,621,263

10,629,690

 

5,618,483