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NOTE 12 – EARNING PER SHARE

6 Months Ended

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.