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
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2022 and 2021 was anti-dilutive due to the losses realized.

 

For the three and six months ended June 30, 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:

 

               
Description Three and Six Months ended June 30, 2022   Three and Six Months ended June 31, 2021
Options   2,926,438       1,697,938  
Warrants   4,205,395       562,336  
    7,131,833       2,260,274