Current report filing

Earnings (Loss) Per Share

v3.22.2.2
Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2022
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share

10. Earnings (Loss) Per Share

 

The following table is a calculation of the net earnings (loss) per basic and diluted share:

 

    For the three months ended June 30,     For the six months ended June 30,  
    2022     2021     2022     2021  
Numerator                        
Net loss   $ (3,356,956 )   $ (1,074,911 )   $ (6,860,958 )   $ (2,594,593 )
Denominator                                
Weighted average shares used to compute
basic EPS		     680,600       678,400       680,600       678,400  
Dilutive effect of stock-based awards    
—
      
—
      
—
      
—
  
Weighted average shares used to compute
diluted EPS		     680,600       678,400       680,600       678,400  
Loss per share                                
Basic   $ (4.93 )   $ (1.58 )   $ (10.08 )   $ (3.82 )
Diluted   $ (4.93 )   $ (1.58 )   $ (10.08 )   $ (3.82 )

 

Diluted EPS for June 30, 2022, and June 30, 2021, excludes 279,298 and 164,350 options, respectively, along with the shares related to the contingently convertible debt, because their effect would be anti-dilutive.