LOSS PER SHARE

9 Months Ended

Sep. 30, 2023

LOSS PER SHARE

LOSS PER SHARE

NOTE 2 - LOSS PER SHARE

Basic loss per common share is based only on the weighted average number of shares of Common Stock outstanding for the periods presented. Diluted loss per common share reflects the effect of shares of Common Stock issuable upon the exercise of options unless the effect on earnings is anti-dilutive.

Diluted loss per common share is computed using the treasury stock method. Under this method, the aggregate number of shares of Common Stock outstanding reflects the assumed use of proceeds from the hypothetical exercise of any outstanding options to purchase shares of Common Stock. The average market value for the period is used as the assumed purchase price.

The following table sets forth the elements of basic and diluted loss per common share:

	Three months ended				Nine months ended
	September 30,				September 30,
	2023		2022		2023		2022
Numerator for basic and diluted loss per common share:
Net loss	$	(721,000)	$	(237,000)	$	(146,000)	$	(876,000)
Denominator:
Denominator for basic loss per share - weighted average common shares outstanding		3,195,000		3,195,000		3,195,000		3,183,000
Dilutive securities (1)		—		—		—		—
Denominator for diluted loss per share - weighted average common shares outstanding		3,195,000		3,195,000		3,195,000		3,183,000

(1) Dilutive securities consist of the “in the money” stock options. There were no “in the money” stock options at September 30, 2023. In the event of a loss, options are considered anti-dilutive and would therefore not be included in the calculation of diluted loss per share.