Income (Loss) Per Share

6 Months Ended

Jun. 30, 2023

Income (Loss) Per Share

Income (Loss) Per Share

Note 11 — Income (Loss) Per Share

The Company has two classes of common stock, Class A and Class B.  Basic and diluted earnings per share (“EPS”) attributable to common stockholders for Class A and Class B common stock were the same because they were entitled to the same liquidation and dividend rights.  The following table sets forth the computation of the Company’s basic and diluted loss per share:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Net income (loss)	$	1,194,956	$	2,614,363	$	(138,978)	$	1,942,740
Weighted average common shares outstanding - basic		14,772,624		14,257,827		14,676,096		10,701,715
Options to purchase common stock		61,427		—		—		—
Weighted average common shares outstanding - diluted		14,834,051		14,257,827		14,676,096		10,701,715
Net income (loss) per common share, basic and diluted	$	0.08	$	0.18	$	(0.01)	$	0.18

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Warrants to purchase common stock		3,217,800		3,220,000		3,218,260		2,419,448
Options to purchase common stock		142,650		61,027		307,886		30,682
Total excludable from net income (loss) per share attributable to common stockholders - diluted		3,360,450		3,281,027		3,526,146		2,450,130