Twin Vee PowerCats Co. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Income Per Share

Net (Loss) Income Per Share

6 Months Ended

Jun. 30, 2022

12. Net (Loss) Income Per Share

Basic net loss per share has been computed on the basis of the weighted average number of shares of common stock outstanding. Diluted net loss per share of common stock has been computed on the basis of the weighted average number of shares outstanding plus equivalent shares of common stock assuming exercise of stock options. Potential shares of common stock that have an anti-dilutive effect (i.e., those that share or decrease loss per share) are excluded from the calculation of diluted net loss per share of common stock.

Basic and diluted loss per common share have been computed based on the following for the periods ending June 30, 2022 and June 30, 2021:

Schedule of Basic and diluted loss
	June 30,			June 30,
	2022			2021
Numerator for basic and diluted net (loss) income per share:

Net (loss) income	$	(1,730,099	)	$	182,800

Denominator:
For basic net (loss) income per share - weighted average common shares outstanding		7,000,000			4,000,000
Effect of dilutive stock options		—			—
For diluted net (loss) income per share - weighted average common shares outstanding		7,000,000			4,000,000

Net (loss) income per share -Basic:
Net (loss) income per share	$	(0.25	)	$	0.05

Net (loss) income per share - Diluted:
Net (loss) income per share	$	(0.25	)	$	0.05

For the periods ending June 30, 2022 and June 30, 2021, all potentially dilutive securities were antidilutive.