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NOTE 14 - EARNING PER SHARE
 6 Months Ended
Jun. 30, 2020
Notes  
NOTE 14 - EARNING PER SHARE NOTE 14 – EARNING PER SHARE

 

Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the periods. Diluted net income per common share is computed using the weighted average number of common and dilutive common equivalent shares outstanding during the periods. Common equivalent shares consist of stock options, unvested restricted shares, and outstanding warrants that are computed using the treasury stock method. Antidilutive stock awards consist of stock options that would have been antidilutive in the application of the treasury stock method.

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

 

2020

 

2019

 

2020

 

2019

Numerator:

 

 

 

 

 

 

 

 

Net Income (Loss)

$

1,377,465

$

(484,241)

$

(2,531,738)

$

(1,509,819)

Change in fair value of derivatives

 

(1,914,271)

 

-

 

-

 

-

Interest on convertible debt

 

111,518

 

-

 

-

 

-

Net Loss - diluted

$

(425,288)

$

(484,241)

$

(2,531,738)

$

(1,509,819)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

57,019,993

 

15,357,689

 

43,928,994

 

15,199,517

Effect of dilutive shares

 

11,531,215

 

-

 

-

 

-

Diluted

 

68,551,208

 

15,357,689

 

43,928,994

 

15,199,517

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

Basic

$

0.02

$

(0.03)

$

(0.06)

$

(0.1)

Diluted

$

(0.01)

$

(0.03)

$

(0.06)

$

(0.1)

 

For the six months ended June 30, 2020 and three and six months ended June 30, 2019, the convertible instruments are anti-dilutive and therefore, have been excluded from earnings (loss) per share.