NET LOSS (INCOME) PER COMMON SHARE

6 Months Ended

Jun. 30, 2024

NET LOSS (INCOME) PER COMMON SHARE [Abstract]

2.	NET LOSS (INCOME) 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 and six months ended June 30, 2024 and 2023 was as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Basic shares outstanding		30,659,878		30,140,221		30,480,677		30,090,113
Dilutive effect of stock options		-		257,087		-		243,382
Diluted shares outstanding		30,659,878		30,397,308		30,480,677		30,333,495

For the three and six months ended June 30, 2024, options to acquire 246,537 shares and 207,882 shares, respectively, were excluded from the above table because the Company reported a net loss for the three and six months and therefore their impact on reported earnings per share would have been antidilutive.