BASIC AND DILUTED (LOSS) PER COMMON SHARE

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

BASIC AND DILUTED (LOSS) PER COMMON SHARE

3. BASIC AND DILUTED (LOSS) PER COMMON SHARE

We report both basic and diluted net income or loss   per common share. Basic net income or loss per common share is computed by dividing net income or loss for the period by the weighted average number of common shares outstanding for the period. Diluted net income or loss per common share is computed by dividing the net income or loss for the period by the weighted average number of common and potential common shares outstanding during the period if the effect of the potential common shares is dilutive. The shares used in the calculation of dilutive potential common shares exclude options and warrants to purchase shares where the exercise price was greater than the average market price of common shares for the period.

The following table presents the calculation of basic and diluted net (loss) per common share for three and six months ended June 30, 2025 and June 30, 2024. 

	Three Months Ended June 30,
	2025			2024
Net (loss)	$	(393,639	)	$	(297,988	)
Weighted average shares-basic		2,752,616			2,454,116
Effect of dilutive potential common shares		—			—
Weighted average shares-diluted		2,752,616			2,454,116
Net (loss) per share-basic	$	(0.14	)	$	(0.12	)
Net (loss) per share-diluted	$	(0.14	)	$	(0.12	)
Antidilutive employee stock options		—			—

	Six Months Ended June 30,
	2025			2024
Net (loss)	$	(686,325	)	$	(581,794	)
Weighted average shares-basic		2,723,768			2,454,116
Effect of dilutive potential common shares		—			—
Weighted average shares-diluted		2,723,768			2,454,116
Net (loss) per share-basic	$	(0.25	)	$	(0.24	)
Net (loss) per share-diluted	$	(0.25	)	$	(0.24	)
Antidilutive employee stock options		—			—