BioSolar Inc. said its normalized net income for the first quarter amounted to a loss of 3 cents per share, compared with a loss of 1 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $488,680, compared with a loss of $150,360 in the prior-year period.

Reported net income came to a loss of $477,780, or a loss of 3 cents per share, compared to income of $244,650, or 2 cents per share, in the year-earlier period.