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NOTE 12 – EARNING PER SHARE | 6 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
NOTE 12 – EARNING PER SHARE | NOTE 12 – 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,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Numerator: |  |  |  |  |  |  |  |
Net Income (Loss) |  | $ | (1,122,372 | ) |  | $ | 1,377,465 |  |  | $ | (3,000,861 | ) |  | $ | (2,531,738)
Change in fair value of derivatives |  |  | — |  |  |  | (1,914,271 | ) |  |  | — |  |  |  | —
Interest on convertible debt |  |  | — |  |  |  | 111,518 |  |  |  | — |  |  |  | —
Net Loss - diluted |  | $ | (1,122,372 | ) |  | $ | (425,288 | ) |  | $ | (3,000,861 | ) |  | $ | (2,531,738)
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 139,078,656 |  |  |  | 57,019,993 |  |  |  | 128,840,922 |  |  |  | 43,928,994
Effect of dilutive shares |  |  | — |  |  |  | 11,531,216 |  |  |  | — |  |  |  | —
Diluted |  |  | 139,078,656 |  |  |  | 68,551,209 |  |  |  | 128,840,922 |  |  |  | 43,928,994
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.01 | ) |  | $ | 0.02 |  |  | $ | (0.02 | ) |  | $ | (0.06)
Diluted |  | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | (0.02 | ) |  | $ | (0.06)
For the three and six months ended June 30, 2021 and six months ended June 30, 2020, the convertible instruments are anti-dilutive and therefore, have been excluded from earnings (loss) per share.

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- 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
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