Basic and Diluted Net Income (Loss) per Common Share

6 Months Ended

Jun. 30, 2023

Basic and Diluted Net Income (Loss) per Common Share

Basic and Diluted Net Income (Loss) per Common Share

12)    Basic and Diluted Net Income (Loss) per Common Share

The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net loss per share:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Numerator
Net income (loss)	$	(2,546,683)	$	(1,811,792)	$	(3,931,830)	$	(1,986,016)
Denominator
Weighted-average common shares for basic net income (loss) per share		2,117,581		2,068,472		2,103,220		2,068,472
Basic and diluted net income (loss) per common share	$	(1.20)	$	(0.88)	$	(1.87)	$	(0.96)

The following table summarizes the potentially dilutive securities convertible into common shares that were excluded from the calculation of diluted net income (loss) per share because their inclusion would have been antidilutive:

	For the Three Months Ended		For the Six Months Ended
	June 30,		June 30,
	2023	2022	2023	2022
Stock Options	210,067	59,067	210,067	59,067
RSUs	—	42,564	—	42,564
Warrants	1,004,115	1,004,115	1,004,115	1,004,115
Total	1,214,182	1,105,746	1,214,182	1,105,746