Quarterly report pursuant to Section 13 or 15(d)

LOSS PER SHARE

LOSS PER SHARE

9 Months Ended

Sep. 30, 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 598,750 and 1,148,750 at September 30, 2023 and 2022, respectively, consisted of restricted stock units and stock options. However, if 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:


	Nine Months Ended September 30,				Three Months Ended September 30,
	2023		2022		2023		2022
Weighted-average common shares outstanding – basic		23,867,204		23,830,702		23,803,567		23,765,089
Dilutive effect of restricted stock units and stock options		—		—		—		300,635
Weighted-average common shares outstanding – diluted		23,867,204		23,830,702		23,803,567		24,065,724
Restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive		598,750		1,148,750		598,750		—