Loss Per Share

12 Months Ended

Dec. 31, 2024

Loss Per Share [Abstract]

Loss Per Share

Note 16 — Loss per share

Basic loss per share is based upon the weighted average common shares outstanding during each year. Diluted loss per share is based on the basic weighted earnings per share with additional weighted common shares for common stock equivalents. During the period ended December 31, 2024, the Company had outstanding restricted shares of common stock to certain of our employees and directors, under the Company’s restricted stock award plans. The diluted shares include the dilutive effect of restricted stock units based on the treasury stock method.

A reconciliation of the numerator (net loss) and denominator (weighted average number of shares outstanding of the basic loss per share) for the period ended December 31, 2024 and is as follows:

	December 31, 2024
Numerator:
Net Loss	$	(8,475,268	)
Denominator:
Weighted-Average Number of Shares of Common Stock		17,937,853
Basic Loss per Share	$	(0.47	)

The Company excluded 1,264,459 of unvested RSU’s from the computation of weighted-average number of shares of common stock in computing the diluted loss per share for the periods presented because including them would have had an anti-dilutive effect for the period ended December 31, 2024.