| Schedule of Basic and Diluted Net Income Per Common Share |
The following is a reconciliation of
weighted common shares outstanding used in the calculation of basic and diluted net income per common share:
| |
|
Three Months Ended
6/30/2016 |
|
| |
|
|
|
| Net income (loss) attributable to common shareholders |
|
$ |
2,524,824 |
|
| Adjustments for dilutive shares: |
|
|
|
|
| Interest savings |
|
|
127,110 |
|
| Reversal of derivative gains |
|
|
(314,304 |
) |
| Net income (loss) - adjusted |
|
|
2,337,630 |
|
Weighted average shares used for basic net income
per common share |
|
|
7,695,479,492 |
|
| Incremental diluted shares |
|
|
368,392,782,952 |
|
| Weighted average shares used for diluted net income per common share |
|
|
376,088,262,443 |
|
| Net income (loss) per common share: |
|
|
|
|
| Basic |
|
$ |
0.00 |
|
| Diluted |
|
$ |
0.00 |
|
| |
|
Six Months Ended
6/30/2016 |
|
| |
|
|
|
| Net income (loss) attributable to common shareholders |
|
$ |
2,110,690 |
|
| Adjustments for dilutive shares: |
|
|
|
|
| Interest savings |
|
|
260,076 |
|
| Reversal of derivative gains |
|
|
(1,682,254 |
) |
| Net income (loss) - adjusted |
|
|
688,512 |
|
Weighted average shares used for basic net income
per common share |
|
|
7,524,600,371 |
|
| Incremental diluted shares |
|
|
367,192,782,952 |
|
| Weighted average shares used for diluted net income per common share |
|
|
374,717,383,322 |
|
| Net income (loss) per common share: |
|
|
|
|
| Basic |
|
$ |
0.00 |
|
| Diluted |
|
$ |
0.00 |
|
|