Quarterly report pursuant to Section 13 or 15(d)

18. Net loss per Common Share

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18. Net loss per Common Share
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
18. Net loss per Common Share

18. Net loss per Common Share

 

Basic income (loss) per share is based on the weighted-average number of common shares outstanding during each period. Diluted income (loss) per share is based on basic shares as determined above, plus the incremental shares that would be issued upon the assumed exercise of “in-the-money” options and warrants using the treasury stock method and the inclusion of all convertible securities, including convertible debentures, assuming these securities were converted at the beginning of the period or at the time of issuance, if later, adding back any direct incremental expenses related to the convertible securities, including interest expense, present value discount amortization. The computation of diluted net income (loss) per share does not assume the issuance of common shares that have an anti-dilutive effect on net loss per share.

 

The computation of the diluted income per share for the three months ended March 31, 2022 and 2021 was anti-dilutive due to the losses realized.

 

For the three months ended March 31, 2022 and 2021, the following options and warrants were excluded from the computation of diluted loss per share as the result of the computation was anti-dilutive:

 

Net Loss Per Share              
Description Three Months ended March 31, 2022   Three Months ended March 31, 2021
       
Options   2,926,438       1,672,938  
Warrants   546,336       567,336  
    3,472,774       2,240,274