Three Months Ended September 30,

Nine Months Ended September 30,

2022

2021

2022

2021

Numerator:

Numerator for basic and diluted income (loss) per share, net income (loss) available to common shareholders

$

(1,769,770

)

$

141,234

$

(5,332,385

)

$

(360,535

)

Denominator:

Denominator for basic income (loss) per share, weighted average shares outstanding

20,371,654

20,033,515

20,322,934

19,986,279

Effect of dilutive securities

—

4,902,002

—

Denominator for diluted earnings per share, adjust weighted average shares and assumed conversion

20,371,654

24,935,517

20,322,934

19,986,279

Basic income (loss) per common share

$

(0.09

)

$

0.01

$

(0.26

)

$

(0.02

)

Diluted income (loss) per common share and common share equivalent

$

(0.09

)

$

0.01

$

(0.26

)

$

(0.02

)