Note 8 - Basic and Diluted Net Income / (Loss) Per Share

12 Months Ended

Dec. 31, 2022

Note 8: Basic and Diluted Net Income / (Loss) per Share

Net income (loss) per share was computed by dividing the net income (loss) by the weighted average number of common shares outstanding during the period. The weighted average number of shares was calculated by taking the number of shares outstanding and weighting them by the amount of time that they were outstanding. For the twelve months ended December 31, 2022 and 2021, the assumed exercise of share options is anti-dilutive and are excluded from the determination of net income (loss) per share – basic and diluted. The share options were anti-dilutive due to the Company’s net loss or the Company’s common stock average market price was less than the share options exercise price. Accordingly, net income / (loss) per share basic and diluted are equal in all periods presented. Securities that were not included in the diluted per share calculations because they would be anti-dilutive were options to purchase common stock of 690,000 for the twelve months ended December 31, 2022 and 2021.

The computations for basic and diluted net loss per share are as follows:

	Year Ended December 31,
	2022			2021
Net loss	$	(465,552	)	$	(360,678	)

Basic and diluted weighted average common shares outstanding		20,426,158			20,426,158

Net loss income per share, basic and diluted	$	(0.02	)	$	(0.02	)

MCX Technologies Corp 10-K