IZEA Worldwide Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
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Item 6. Exhibits
NOTE 11. LOSS PER COMMON SHARE
Basic earnings (loss) per common share is computed by dividing the net income or loss by the basic weighted-average number of shares of common stock outstanding during each period presented. Although restricted stock is issued upon the grant of an award, the Company excludes restricted stock from the computations of the weighted-average number of shares of common stock outstanding until the stock vests. Diluted loss per share is computed by dividing the net income or loss by the sum of the total of the basic weighted-average number of shares of common stock outstanding plus the additional dilutive securities that could be exercised or converted into common shares during each period presented less the amount of shares that could be repurchased using the proceeds from the exercises.
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30,2024 | June 30,2023 | June 30,2024 | June 30,2023 | |
| Net loss | $(2,194,828) | $(1,033,426) | $(5,460,678) | $(3,839,765) |
| Weighted average shares outstanding - basic and diluted | 16,437,460 | 15,520,700 | 16,470,467 | 15,551,785 |
| Basic and diluted loss per common share | $(0.13) | $(0.07) | $(0.33) | $(0.25) |
The Company excluded the following weighted average items from the above computation of diluted loss per common share, as their effect would be anti-dilutive:
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30,2024 | June 30,2023 | June 30,2024 | June 30,2023 | |
| Stock options | 342,779 | 400,188 | 342,779 | 416,195 |
| Restricted stock units | 1,446,169 | 426,467 | 1,401,721 | 397,303 |
| Restricted stock | — | — | — | 24 |
| Total excluded shares | 1,788,948 | 826,655 | 1,744,500 | 813,522 |
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