Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

v3.24.1
Net Loss Per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Loss Per Share

17. Net Loss 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, 2023 and 2022:

 

               
    December 31,   December 31,
    2023   2022
         
Numerator for basic and diluted net loss per share:            
Net loss   $ (7,192,176 )   $ (5,137,252 )
Denominator:                
For basic net loss per share - weighted average common shares outstanding     9,520,000       7,624,938  
Effect of dilutive stock options     —       —  
For diluted net loss per share - weighted average common shares outstanding     9,520,000       7,624,938  
Net loss per share -Basic:                
Net loss per share   $ (0.76 )   $ (0.67 )
Net loss per share - Diluted:                
Net loss per share   $ (0.76 )   $ (0.67 )

 

For the years ended December 31, 2023 and 2022, all potentially dilutive securities were antidilutive.