EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

(11) EARNINGS (LOSS) PER SHARE

Net loss per share for the three months ended March 31, 2024 and 2023, respectively, are as follows:

	Three Months Ended March 31,
	2024			2023
Numerator:
Net loss	$	(3,258,955	)	$	(4,070,457	)
Denominator:
Weighted average common shares – basic		2,770,382			1,880,185
Effect of dilutive common share equivalents		-			-
Weighted average common shares – dilutive		2,770,382			1,880,185
Basic and diluted net loss per share	$	(1.18	)	$	(2.16	)

Diluted loss per common share for the three months ended March 31, 2024 and 2023 excludes the effects of 5,230,769 and 49,402 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 preferred stock, warrants, restricted stock units, and stock options.