LOSS PER SHARE

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

LOSS PER SHARE

7. LOSS PER SHARE

Basic and diluted net loss per common share were the same since the inclusion of common shares issuable pursuant to the exercise of options in the calculation of diluted net loss per common shares would have been antidilutive.

For the three months ended March 31, 2023 and 2022, loss per share of the Company are as follows:

	For the Three Months Ended March 31,
	2024			2023
Numerator:
Net Loss	$	(526,602	)	$	(833,341	)
Net loss attributable to common shareholders	$	(526,602	)	$	(833,341	)
Denominator:
Weighted-average common shares outstanding, basic and diluted		11,346,535			11,346,535
Net loss per common share, basic and diluted	$	(0.05	)	$	(0.07	)

The Company’s potentially dilutive securities, which include stock options and warrants, have been excluded from the computation of diluted net loss per common share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common shareholders is the same.

The Company excluded the following from the computation of diluted net loss per share attributable to common stockholders for the three months ended March 31, 2024 and 2023 because including them would have had an anti-dilutive effect:

	For the Three Months Ended		For the Three Months Ended
	March 31,		March 31,
	2024		2023
Stock options to purchase common stock outstanding		1,352,279		1,407,244
Warrants to purchase common stock outstanding		350,000		350,000
Total		1,702,279		1,757,244