v3.25.1
EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 9 – EARNINGS PER SHARE

 

The Company calculates earnings/(loss) per share data by calculating the quotient of earnings/(loss) divided by the weighted average number of common shares outstanding during the respective period. Due to the net losses for all periods presented in the unaudited condensed statements of operations, all shares underlying the common stock options, common stock warrants, and related party convertible debt were excluded from the earnings per share calculation due to their anti-dilutive effect.

 

The calculation of net earnings/(loss) per share is as follows:

 

Schedule of calculation of net earnings per common share - basic and diluted                
  For the
three months ended
 
  March 31,
2025
  March 31,
2024
 
Basic and diluted:                
Net loss $ (1,778,703 )   $ (1,971,311 )  
Weighted-average number of common shares   2,453,447       760,345    
Basic and diluted net loss per common share $ (0.72 )   $ (2.59 )