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 |
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