v3.22.1
Loss Per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
LOSS PER SHARE

NOTE 3. LOSS PER SHARE

 

The Company utilizes the guidance per ASC 260, Earnings Per Share. Basic earnings per share is calculated on the weighted effect of all common shares issued and outstanding, and is calculated by dividing net income available to common stockholders by the weighted average shares outstanding during the period. Diluted earnings per share, which is calculated by dividing net income available to common stockholders by the weighted average number of common shares used in the basic earnings per share calculation, plus the number of common shares that would be issued assuming conversion of all potentially dilutive securities outstanding, is not presented separately as of December 31, 2021 and 2020 as it is anti-dilutive. Such securities, shown below, presented on a common share equivalent basis and outstanding as of years ended December 31, 2021 and 2020 have been excluded from the per share computations:

 

   December 31, 
   2021   2020 
Convertible notes payable   160,465,160    163,708,440 
           
Total diluted shares   160,465,160    163,708,440