COMPUTATION OF LOSS PER SHARE

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

COMPUTATION OF LOSS PER SHARE

NOTE 9 - COMPUTATION OF LOSS PER SHARE

Computation of basic and dilutive loss per share for the three and six months ended June 30, 2024 and 2023 are as follows:

	For the three months ended June 30, 2024			For the three months ended June 30, 2023			For the six months ended June 30, 2024			For the six months ended June 30, 2023
Net loss	$	(6,119,000	)	$	(2,460,000	)	$	(8,486,000	)	$	(5,445,000	)
Weighted-average common shares outstanding		6,418,061			3,872,447			6,418,061			3,487,299
Basic loss per share	$	(0.95	)	$	(0.64	)	$	(1.32	)	$	(1.56	)

Basic net loss per share is based on the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share reflects the potential dilution assuming shares of common stock were issued upon the exercise of outstanding in-the-money options and the proceeds thereof were used to purchase shares of the Company’s common stock at the average market price during the period using the treasury stock method.

For the three and six months ended June 30, 2024 and 2023, options to purchase 108,511 and 108,343 shares of common stock, respectively and options to purchase 902,113 common stock warrants for both June 30, 2024 and 2023 were excluded in the calculation of diluted net loss per share as the result would have been anti-dilutive.