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Earnings Per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

10. EARNINGS PER SHARE

 

The Company calculates earnings per share in accordance with FASB ASC 260, Earnings Per Share, which requires a dual presentation of basic and diluted earnings per share. Basic earnings per share are computed using the weighted average number of shares outstanding during the fiscal year. Potentially dilutive common shares consist of stock options outstanding (using the treasury method).

 

The following table sets forth the computation of basic and diluted net income per common share:

 

Years Ending December 31,  2022   2021 
Net Loss  $(3,554,897)  $(3,440,401)
Weighted Average Shares of Common Stock Outstanding          
Basic   12,173,031    10,724,944 
Diluted   12,173,031    10,724,944 

 

Years Ending December 31,  2022   2021 
Earnings Per Share - Basic        
Net Loss Per Share   (0.29)   (0.32)
           
Earnings Per Share - Diluted          
Net Loss Per Share   (0.29)   (0.32)