Annual report pursuant to Section 13 and 15(d)

NET EARNINGS (LOSS) PER SHARE

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NET EARNINGS (LOSS) PER SHARE
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
NET EARNINGS (LOSS) PER SHARE

NOTE 17 – NET EARNINGS (LOSS) PER SHARE

 

Basic net loss per share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding. Diluted net loss per share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding plus the number of common shares that would be issued assuming exercise or conversion of all potentially dilutive common shares. Potentially dilutive securities are excluded from the calculation when their effect would be anti-dilutive. For the year ended December 31, 2022, all potentially dilutive securities were excluded from the diluted share calculations as they were anti-dilutive as a result of the net loss incurred. Accordingly, basic shares equal diluted shares for the year ended December 31, 2022. As of December 31, 2021, 90,000 potentially dilutive stock options were included in the diluted earnings per share calculation.

 

Potentially dilutive securities were comprised of the following:

 

    2022     2021  
    Years Ended December 31,  
    2022     2021  
Warrants     0       200,000  
Options     1,090,000       1,500,000  
Convertible notes payable, including accrued interest     3,292,400       3,070,900  
Potentially dilutive securities     4,382,400       4,770,900