Basic earnings per share, which excludes dilution, is computed by dividing Net Income or loss attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The number of incremental shares from the assumed issuance of shares relating to share-based awards is calculated by applying the treasury stock method.

The following table shows the computation of basic and diluted earnings per share


	March 31, 2022			March 31, 2021
Numerator:
Net loss	$	(4,779,502	)	$	(5,974,924	)
Denominator:
Weighted average common shares outstanding - Basic		51,241,326			34,976,943
Dilutive effect of stock options and warrants	0			0

Weighted average common shares outstanding - Diluted		51,241,326			34,976,943

Basic loss per share	$	(0.09	)	$	(0.17	)
Diluted loss per share	$	(0.09	)	$	(0.17	)

There were 22,449,357 warrants, 904,001 options, and 2,287,500 RSUs outstanding at March 31, 2022 and 14,870,782 warrants, 1,387,000 options and 987,500 RSUs outstanding at March 31, 2021 that were excluded from the calculation of diluted EPS. The Company excluded the warrants, options and RSUs from the calculation of diluted EPS for the three months ended March 31, 2022 and 2021as inclusion would have an anti-dilutive effect.