Earnings Per Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

11. 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:

	Six-Month Period
	Ended June 30,
	2024			2023
Net Loss	$	(2,307,156	)	$	(2,257,806	)
Weighted Average Shares of Common Stock Outstanding
Basic		2,200,037			1,652,034
Diluted		2,200,037			1,652,034
Earnings Per Share - Basic
Net Loss Per Share		(1.05	)		(1.37	)
Earnings Per Share - Diluted
Net Loss Per Share		(1.05	)		(1.37	)

	Three-Month Period
	Ended June 30,
	2024			2023
Net Loss	$	(1,316,612	)	$	(1,293,642	)
Weighted Average Shares of Common Stock Outstanding
Basic		2,746,605			1,654,698
Diluted		2,746,605			1,654,698
Earnings Per Share - Basic
Net Loss Per Share		(0.48	)		(0.78	)
Earnings Per Share - Diluted
Net Loss Per Share		(0.48	)		(0.78	)