BASIC AND DILUTED NET LOSS PER SHARE

6 Months Ended

Jun. 30, 2022

Net loss per share:

14. BASIC AND DILUTED NET LOSS PER SHARE

14. BASIC AND DILUTED NET LOSS PER SHARE

Basic net loss per share is calculated using the weighted average number of shares of our common stock issued and outstanding during a certain period and is calculated by dividing net loss by the weighted average number of shares of our common stock issued and outstanding during such period. Diluted net loss per share is calculated using the weighted average number of common and potentially dilutive common shares outstanding during the period, using the as-if-converted method for secured convertible notes, and the treasury stock method for options and warrants. Diluted net loss per share does not include potentially dilutive securities because such inclusion in the computation would be anti-dilutive.

For the three and six months ended June 30, 2022, potentially dilutive securities consisted of options and warrants to purchase 1,484,452 shares of common stock at prices ranging from $1.44 to $3.30 per share. Of these potentially dilutive securities, none of the shares to purchase common stock from the options and warrants are included in the computation of diluted earnings per share, because the effect of including the remaining instruments would be anti-dilutive. Also excluded from potentially dilutive securities are 449,450 shares of non-vested restricted stock units and 232,800 shares of restricted stock units which vested but had not been issued as of June 30, 2022.

For the three and six months ended June 30, 2021, potentially dilutive securities consisted of options and warrants to purchase 1,705,199 shares of common stock at prices ranging from $1.08 to $4.86 per share. Of these potentially dilutive securities, none of the shares to purchase common stock from the options and warrants are included in the computation of diluted earnings per share, because the effect of including the remaining instruments would be anti-dilutive. Also excluded from potentially dilutive securities are 741,850 shares of non-vested restricted stock units and 125,000 shares of restricted stock units which have vested but had not been issued as of June 30, 2021.

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Numerators:
Net loss attributable to common stockholders	$	(8,276,194	)	$	(46,888	)	$	(9,146,673	)	$	(967,199	)
Denominator:
Denominator for basic calculation weighted average shares		13,256,570			12,120,698			13,253,551			12,081,328
Dilutive common stock equivalents:
Options and warrants		-			-			-			-
Restricted stock units vested but not issued		-			-			-			-
Denominator for diluted calculation weighted average shares		13,256,570			12,120,698			13,253,551			12,081,328
Net loss per share:
Basic	$	(0.62	)	$	(0.00	)	$	(0.69	)	$	(0.08	)
Diluted	$	(0.62	)	$	(0.00	)	$	(0.69	)	$	(0.08	)