XML 21 R9.htm IDEA: XBRL DOCUMENT
v3.22.0.1

INCOME/(LOSS) PER COMMON SHARE | 9 Months Ended
--- | ---
Dec. 31, 2021
Earnings Per Share [Abstract] |
INCOME/(LOSS) PER COMMON SHARE | NOTE 3 – INCOME/(LOSS) PER COMMON SHARE We calculate basic income/(loss) per share using the weighted-average number of shares of common stock outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities, such as outstanding options and warrants. We use the treasury stock method, in the determination of dilutive shares outstanding during each reporting period. We have issued warrants to purchase 2,933,755 shares of common stock. Due to the loss from operations in the three and nine months ended December 31, 2020, there are no common shares added to calculate the dilutive loss per share for that period as the effect would be antidilutive. The Company excluded warrants of 150,000 for the three months ended December 31, 2021 and warrants of 8,910,205 and 8,629,432 for the three and nine months ended December 31, 2020, respectively, from the weighted average diluted common shares outstanding because their inclusion would have been antidilutive. SCHEDULE OF INCOME/(LOSS) PER COMMON SHARE
|  | For the Three Months Ended December 31, |  |  | For the Nine Months Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income/(loss) |  | $ | 9,067,867 |  |  | $ | (1,906,437 | ) |  | $ | 32,720,039 |  |  | $ | (7,348,851 | )
Less: Preferred stock dividends |  |  | (782,582 | ) |  |  | - |  |  |  | (1,902,966 | ) |  |  | - |
Net income/(loss) attributable to common stockholders |  | $ | 8,285,285 |  |  | $ | (1,906,437 | ) |  | $ | 30,817,073 |  |  | $ | (7,348,851 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares of common stock - basic |  |  | 114,757,014 |  |  |  | 47,790,105 |  |  |  | 111,289,024 |  |  |  | 47,023,094 |
Effect of dilutive common stock purchase warrants |  |  | 1,835,395 |  |  |  | - |  |  |  | 1,934,172 |  |  |  | - |
Effect of dilutive equity incentive awards |  |  | 125,091 |  |  |  | - |  |  |  | 127,802 |  |  |  | - |
Weighted average shares of common stock - Diluted |  |  | 116,717,500 |  |  |  | 47,790,105 |  |  |  | 113,350,998 |  |  |  | 47,023,094 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income/(loss) per share attributable to common stockholders - basic |  | $ | 0.07 |  |  | $ | (0.04 | ) |  | $ | 0.28 |  |  | $ | (0.15 | )
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income/(loss) per share attributable to common stockholders - diluted |  | $ | 0.07 |  |  | $ | (0.04 | ) |  | $ | 0.27 |  |  | $ | (0.15 | )

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration