NET (LOSS) INCOME PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The Company’s basic income (loss) per common share is based on net income (loss) for the relevant period, divided by the weighted average number of common shares outstanding during the period. Diluted income per common share is based on net income (loss), divided by the weighted average number of common shares outstanding during the period, including common share equivalents, such as outstanding options, warrants and convertible securities to the extent they are dilutive. As of December 31, 2020, and 2019, the average market prices for the years ended are less than the exercise price of all the outstanding stock options and warrants, therefore, the inclusion of the stock options and warrants would be anti-dilutive. In addition, since the effect of common stock equivalents is anti-dilutive, the convertible promissory notes have also been excluded from the Company’s computation of income (loss) per common share from continuing operations for the years ended December 31, 2020 and 2019. Therefore, basic and diluted income (loss) per common share for continuing operations for the years ended December 31, 2020 and 2019 are the same.

	Year Ended December 31, 2020		Year Ended December 31, 2019
Basic net income (loss) from continuing operations per share computation:
Net income (loss) from continuing operations	$	175,647	$	(1,467,864	)
Weighted-average common shares outstanding		4,501,271		4,500,827
Basic net income (loss) per share	$	0.04	$	(0.33	)
Diluted net income (loss) from continuing operations per share computation:
Net income (loss) per above	$	175,647	$	(1,467,864	)
Interest on convertible note		-		-
Net income (loss)		175,647		(1,467,864	)
Weighted-average common shares outstanding		4,501,271		4,500,827
Incremental shares for convertible promissory note, warrants And stock options		-		-
Total adjusted weighted-average shares		4,501,271		4,500,827
Diluted net loss per share	$	0.04	$	(0.33	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

The following table summarizes securities that, if exercised, would have an anti-dilutive effect on earnings per share.

	Year Ended December 31, 2020		Year Ended December 31, 2019
Stock options		-		26,280
Warrants		4,988		191,543
Convertible promissory notes		178,212		247,041

Total potential dilutive securities not included in loss per share		183,200		464,864