Twin Vee PowerCats Co. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net (Loss) Income Per Share

Net (Loss) Income Per Share

12 Months Ended

Dec. 31, 2021

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, 2021 and 2020:

Schedule of earning per share
	December 31,			December 31,
	2021			2020
Numerator for basic and diluted net (loss) income per share:

Net (loss) income	$	(1,011,009	)	$	1,171,077

Denominator:
For basic net (loss) income per share - weighted average common shares outstanding		5,331,400			4,000,000
Effect of dilutive stock options		—			—
For diluted net (loss) income per share - weighted average common shares outstanding		5,331,400			4,000,000

Net (loss) income per share -Basic:
Net (loss) income per share	$	(0.19	)	$	0.29

Net (loss) income per share - Diluted:
Net (loss) income per share	$	(0.19	)	$	0.29

For the years ended December 31, 2021 and 2020, all potentially dilutive securities were antidilutive.