Net Income (Loss) per Share
|9 Months Ended|
Sep. 30, 2023
|Net Income (Loss) per Share [Abstract]|
|Net Income (Loss) per Share||
Basic net income (loss) per share of common stock is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted earnings or loss per share of common stock is computed similarly to basic earnings or loss per share except the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents, if dilutive. The Company’s warrants, stock options, RSUs and any unissued common stock for services, while outstanding, are considered common stock equivalents for this purpose. Diluted earnings is computed utilizing the treasury method for the warrants, stock options, RSUs and any unissued common stock for services. With the exception of the third quarter of 2023, no incremental common stock equivalents were included in calculating diluted loss per share because such inclusion would be anti-dilutive given the net loss reported for the other periods presented.
The following table presents the computation of weighted average common shares considered in the computation of diluted net income (loss) per share during the periods presented:
The following potential common shares were not considered in the computation of diluted net income (loss) per share as their effect would have been anti-dilutive for the three and nine-month periods presented below:
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef