Quarterly report pursuant to Section 13 or 15(d)

LOSS PER SHARE

LOSS PER SHARE

3 Months Ended

Mar. 31, 2023

NOTE E – LOSS PER SHARE

Basic loss per share is calculated by dividing the net loss by the weighted average number of outstanding common shares during the period. Diluted per share data includes the dilutive effects of options and restricted stock units. Potentially dilutive shares of 571,250 and 1,171,250 at March 31, 2023 and 2022, respectively, consisted of restricted stock units and stock options. However, as the Company generated a net loss in 2023 and 2022, all potentially dilutive shares were not reflected in diluted net loss per share because the impact of such instruments was anti-dilutive.

Computations of basic and diluted weighted average common shares outstanding were as follows:


	Three Months Ended March 31,
	2023		2022
Weighted-average common shares outstanding – basic		23,866,821		23,909,115
Dilutive effect of restricted stock units and stock options		—		—
Weighted-average common shares outstanding – diluted		23,866,821		23,909,115
Restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive		571,250		1,171,250