EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

(11) EARNINGS (LOSS) PER SHARE

Net loss per share for the three months ended March 31, 2023 and 2022, respectively, are as follows:

	Three Months ended March 31,
	2023			2022
Numerator:
Net loss	$	(4,070,457	)	$	(2,538,500	)
Denominator:
Weighted average common shares – basic		1,880,185			1,840,129
Effect of dilutive common share equivalents		—			—
Weighted average common shares – dilutive		1,880,185			1,840,129
Basic and diluted net loss per share	$	(2.16	)	$	(1.38	)

Diluted loss per common share for the three months ended March 31, 2023 and 2022 excludes the effects of 49,402 and 9,981 common share equivalents, respectively, since such inclusion would be anti-dilutive. The common share equivalents consist of shares of common stock issuable upon exercise of outstanding stock options.