NET LOSS PER SHARE

12 Months Ended

Dec. 31, 2022

NET LOSS PER SHARE

NET LOSS PER SHARE

NOTE 18. NET LOSS PER SHARE

Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the reporting period. Diluted net loss per share is computed similarly to basic loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised.

Outstanding stock options and Common Stock warrants are considered anti-dilutive because we are in a net loss position. Accordingly, the number of weighted average shares outstanding for basic and fully diluted net loss per share are the same.

The following summarizes equity instruments that may, in the future, have a dilutive effect on earnings per share:

	December 31,
	2022	2021
Stock options	4,936,825	4,963,545
Restricted stock awards	1,200,000	—
Warrants	20,072,064	16,117,343
Accrued stock payable	100,000	1,769,537
Convertible notes	6,750,000	5,785,450
Preferred stock	1,180,000	1,180,000
	34,238,889	29,815,875