Net Loss Per Common Share

9 Months Ended

Sep. 30, 2021

Net Loss Per Common Share

Note C - Net Loss Per Common Share

Note C – Net Loss Per Common Share

Basic net loss per common share is calculated by dividing the net loss by the weighted average number of outstanding common shares during the period. Diluted net loss per common share includes the weighted average dilutive effect of stock options and warrants. Note: the Company did not have any warrants outstanding at either September 30, 2021 or September 30, 2020. Potential common shares outstanding as of September 30, 2021 and 2020:

	September 30, 2021		September 30, 2020
Options		1,937,000		2,142,000
		1,937,000		2,142,000

The number of securities not included in the diluted net loss per share for the three and nine months ended September 30, 2021 and the three and nine months ended September 30, 2020 was 1,937,000 and 2,142,000, respectively. The securities the nine month periods ending September 30, 2021 and September 30, 2020 and the three months ended September 30, 2020 were not included in the diluted net loss for as their effect would have been anti-dilutive due to the net loss in both of the two nine month periods and the three months ended September 20, 2020. The securities for the three months ended September 30, 2021 were not included in the diluted net income per share as the securities were not in the money.