Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2023

Earnings (Loss) Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 7—EARNINGS (LOSS) PER SHARE

The computation of the basic and diluted weighted average shares outstanding and the basic and diluted earnings(loss) per share for the three and six months ended June 30, 2023 and 2022 consisted of the following:

		Three Months Ended June 30,								Six Months Ended June 30,
		2023				2022				2023				2022
Net income (loss)		$	(181,088	)		$	78,125			$	(328,927	)		$	284,630
Basic weighted average shares outstanding			85,214,086				84,989,086				85,214,086				84,989,086
Basic earnings (loss) per share		$	(0.00	)		$	0.00			$	(0.00	)		$	0.00

Weighted average shares outstanding			85,214,086				84,989,086				85,214,086				84,989,086
Effect on dilutive stock awards			-				750,000				-				750,000
Diluted weighted average shares outstanding			85,214,086				85,739,086				85,214,086				85,739,086
Diluted earnings (loss) per share		$	(0.00	)		$	0.00			$	(0.00	)		$	0.00

For the three and six months ended June 30, 2023,there were 450,000 common share equivalents excluded from the diluted earnings per share calculation as their effect is anti-dilutive.