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Note 2 - Summary of Significant Accounting Policies: Earnings (Loss) Per Share (Policies)
9 Months Ended
Mar. 31, 2018
Policies  
Earnings (Loss) Per Share

e. Earnings (Loss) per Share - Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. At March 31, 2018, all of our potentially dilutive securities outstanding are anti-dilutive and accordingly, basic loss and diluted loss per share are the same. Net loss per share is calculated using the weighted average number of shares of common stock outstanding during the applicable period. Basic weighted average common shares outstanding do not include shares of restricted stock that have not yet vested, although such shares are included as outstanding shares in the Company's Consolidated Balance Sheet. Diluted net loss per share is computed using the weighted average number of common shares outstanding and if dilutive; potential common shares outstanding during the period. Potential common shares consist of the additional common shares issuable in respect of convertible debt and warrants.

 

The following table present the computation of basic and diluted net loss per share:

 

For the Nine Months Ended March 31,

 

2018

2017

Net loss attributable to PureSnax

$

(183,952)

$

(225,143)

Less: preferred stock dividends

-

-

Net loss applicable to common stock

$

(183,952)

$

(225,143)

Weighted average common shares outstanding - basic and diluted

40,642

13,657

Loss per share - basic and diluted

$

(4.53)

$

(16.49)