Annual report pursuant to Section 13 and 15(d)

Net (Loss) Income Per Share

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Net (Loss) Income Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share

16. 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 as of years ending December 31, 2022 and 2021:

  

               
    December 31,   December 31,
    2022   2021
Numerator for basic and diluted net loss per share:                
                 
Net loss   $ (5,793,414 )   $ (1,011,009 )
                 
Denominator:                
For basic net loss per share - weighted average common shares outstanding     7,624,938       5,331,400  
Effect of dilutive stock options     —       —  
For diluted net losse per share - weighted average common shares outstanding     7,624,938       5,331,400  
                 
Net loss per share -Basic:                
Net loss per share   $ (0.76 )   $ (0.19 )
                 
Net loss per share - Diluted:                
Net loss per share   $ (0.76 )   $ (0.19 )

  

For the years ended December 31, 2022 and 2021, all potentially dilutive securities were antidilutive.