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Earnings Per Share
 3 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

8. EARNINGS PER SHARE

 

Basic earnings per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the year. Diluted earnings per share is computed by dividing net loss by the weighted-average number of common shares and dilutive potential common shares outstanding during the year.

 

  For the
Year Ended
December 31,
2016		  

For the
period from
July 21,
2015
(Inception) to
December 31,
2015

 
       
Numerator:        
Net loss $(11,065,935)  (317,015)
         
Denominator:        
Weighted-average shares outstanding:        
Weighted-average shares outstanding - Basic  193,981,153   160,823,831 
Stock options  -     
Weighted-average shares outstanding - Diluted  193,981,153   160,823,831 
         
Earnings per share        
-Basic  0.06   0.00 
-Diluted  0.06   0.00 

 

Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.