Note 7 - Loss Per Share

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 7 – LOSS PER SHARE

The following table presents the shares used in the basic and diluted loss per common share computations:

	Three Months Ended March 31,
	2023			2022
Numerator:
Net loss attributable to common stockholders: basic and diluted calculation	$	(3,421,802	)	$	(3,370,715	)
Denominator:
Weighted average common shares outstanding-basic		3,968,099			3,291,722
Effect of diluted stock options, warrants, and preferred stock (1)		-			-
Weighted average common shares outstanding - diluted		3,968,099			3,291,722
Loss per common share-basic and diluted	$	(0.86	)	$	(1.02	)

(1) The following is a summary of the number of underlying shares outstanding at the end of the respective periods that have been excluded from the diluted calculations because the effect on loss per common share would have been anti-dilutive:

	Three Months Ended March 31,
	2023		2022
Options		47,805		51,529
Restricted Stock Units		2,500		22,084
Warrants		1,812,379		1,583,063
Series B Convertible Preferred Stock		16		16

There were 79,246 shares of Series B Convertible Preferred Stock outstanding as of March 31, 2023 and March 31, 2022. Each share of Series B Convertible Preferred Stock was convertible to 16 shares of common stock as of March 31, 2023 and March 31, 2022 due to the cumulative effect of reverse stock splits.