NET LOSS PER COMMON SHARE

3 Months Ended

Mar. 31, 2024

NET LOSS PER COMMON SHARE [Abstract]

NET LOSS PER COMMON SHARE

2. NET LOSS PER COMMON SHARE

Basic and diluted earnings per share (“EPS”) are determined in accordance with ASC Topic 260, Earnings per Share, which specifies the computation, presentation and disclosure requirements for EPS. Basic EPS excludes all dilutive Common Stock equivalents. It is based upon the weighted average number of common shares outstanding during the period. Diluted EPS, as calculated using the treasury stock method, reflects the potential dilution that would occur if our dilutive outstanding stock options and stock awards were issued.

The weighted average number of common shares used to compute basic and diluted loss per share for the three months ended March 31, 2024 and 2023 was as follows:

	Three Months Ended
	March 31,
	2024		2023
Basic shares outstanding		30,301,475		30,038,558
Dilutive effect of stock options		-		-
Diluted shares outstanding		30,301,475		30,038,558

For the three months ended March 31, 2024 and 2023, respectively, options to acquire 169,288 shares and 231,124 shares were excluded from the above table because the Company reported a net loss for each quarter and therefore their impact on reported earnings per share would have been antidilutive.