v3.25.1
BASIC AND DILUTED (LOSS) PER COMMON SHARE
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
BASIC AND DILUTED (LOSS) PER COMMON SHARE

3. BASIC AND DILUTED (LOSS) PER COMMON SHARE

 

We report both basic and diluted net income or loss per common share. Basic net income or loss per common share is computed by dividing net income or loss for the period by the weighted average number of common shares outstanding for the period. Diluted net income or loss per common share is computed by dividing the net income or loss for the period by the weighted average number of common and potential common shares outstanding during the period if the effect of the potential common shares is dilutive. The shares used in the calculation of dilutive potential common shares exclude options and warrants to purchase shares where the exercise price was greater than the average market price of common shares for the period.

 

The following table presents the calculation of basic and diluted net (loss) per common share for three months ended March 31, 2025 and March 31, 2024.

        
   2025   2024 
Net (loss)  $(292,686)  $(283,806)
Weighted average shares-basic   2,694,599    2,454,116 
Effect of dilutive potential common shares            
Weighted average shares-diluted   2,694,599    2,454,116 
Net (loss) per share-basic  $(0.11)  $(0.12)
Net (loss) per share-diluted  $(0.11)  $(0.12)