| Schedule of net income per common share |
Basic earnings per share are computed on the weighted average of common
shares outstanding during each year. Diluted earnings per share include only an increase in the weighted average shares by the common
shares issuable upon exercise of employee and consultant stock options. See “NOTE 4 — STOCK-BASED COMPENSATION”
for further detail.
Schedule of net income per common share
| |
|
|
|
|
|
|
| |
|
Three Months Ended |
|
| |
|
March 31, |
|
| |
|
2023 |
|
2022 |
|
| |
|
|
|
|
|
|
|
| Net loss |
|
$ |
(2,410,885 |
) |
$ |
(2,537,514 |
) |
| |
|
|
|
|
|
|
|
| Weighted Average Outstanding Shares: |
|
|
|
|
|
|
|
| Outstanding shares |
|
|
45,487,593 |
|
|
44,667,977 |
|
| Option shares includable |
|
|
— |
(a) |
|
— |
(a) |
| Restricted stock includable |
|
|
— |
(b) |
|
— |
(b) |
| Total |
|
|
45,487,593 |
|
|
44,667,977 |
|
| |
|
|
|
|
|
|
|
| Net loss per share |
|
|
|
|
|
|
|
| Basic |
|
$ |
(0.05 |
) |
$ |
(0.06 |
) |
| Diluted |
|
$ |
(0.05 |
) |
$ |
(0.06 |
) |
| (a) |
For the three months ended March 31, 2023, and 2022, option shares of 14,626 and 346,020 respectively, were not included as the impact is anti-dilutive. |
| |
|
| (b) |
For the three months ended March 31, 2023, and 2022, Linda Tharby’s 900,000 and 1,000,000 shares of restricted stock, respectively, were not included as the impact is anti-dilutive. |
|
| Schedule of net sales by geography |
The following table summarizes net revenues by geography for the three
months ended March 31, 2023, and 2022:
Schedule of net sales by geography
| |
|
Three Months Ended March 31, |
|
% of Total Revenues |
|
| |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
|
| Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Domestic |
|
$ |
6,283,965 |
|
$ |
5,301,388 |
|
|
85% |
|
|
85% |
|
| International |
|
|
1,108,640 |
|
|
942,942 |
|
|
15% |
|
|
15% |
|
| Total |
|
$ |
7,392,605 |
|
$ |
6,244,330 |
|
|
|
|
|
|
|
|