Earnings (Loss) per Share

6 Months Ended

Jun. 30, 2023

Earnings (Loss) per Share

Earnings (loss) Per Share

Note 3. The following table sets forth the calculation of basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2023:

	Three Months Ended June 30, 2023
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	325,576		22,215,512	$	0.02
Effect of dilutive securities
Convertible notes		14,375		1,150,000
Dilutive shares		-		133,252
Diluted earnings per share
Net income	$	339,951		23,498,764	$	0.01

	Six Months Ended June 30, 2023
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	1,193,845		22,215,512	$	0.05
Effect of dilutive securities
Convertible notes		30,000		1,150,000
Dilutive shares		-		133,252
Diluted earnings per share
Net income	$	1,223,845		23,498,764	$	0.05

The following table sets forth the calculation of basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2022:

	Three Months Ended June 30, 2022
	Income			Shares		Per-Share
	(Numerator)			(Denominator)		Amount
Net loss	$	(50,261	)		22,215,512	$	0.00
Effect of dilutive securities
Convertible notes		15,625			1,250,000
Dilutive shares		-			113,606
Diluted earnings per share
Net loss (1)	$	(34,640	)		23,579,118	$	0.00

	Six Months Ended June 30, 2022
	Income			Shares		Per-Share
	(Numerator)			(Denominator)		Amount
Net loss	$	(186,957	)		22,215,512	$	(0.01	)
Effect of dilutive securities
Convertible notes		31,250			1,250,000
Dilutive shares		-			113,606
Diluted earnings per share
Net loss (1)	$	(155,707	)		23,579,118	$	(0.01	)

(1) Net loss per share is shown as basic loss per share because the underlying dilutive securities have an anti-dilutive effect.