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Earnings (Loss) Per Share

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

NOTE 11. EARNINGS (LOSS) PER SHARE

Basic earnings per common share (“EPS”) applicable to common stockholders is computed by dividing earnings applicable to common stockholders by the weighted-average number of common shares outstanding.

The control number for determining whether including potential common stock in the diluted EPS computation would be antidilutive is net income. As a result, if there is a loss from operations, diluted EPS is computed in the same manner as basic EPS is computed. Similarly, if the Company has net income but its preferred dividend adjustment made in computing income available to common stockholders results in a net loss available to common stockholders, diluted EPS would be computed in the same manner as basic EPS. Accordingly, the outstanding Series A Convertible Preferred Stock is considered anti-dilutive in which 33,911,991 were issued and outstanding at September 30, 2020 and 2019, respectively. Series A Convertible Preferred Stock is convertible into common stock on a 10 for 1 basis. The outstanding stock options are considered anti-dilutive in which 13,850,000 and 19,000,000 were issued and outstanding at September 30, 2020 and 2019, respectively.

The calculations of basic and diluted EPS, are as follows:

		September 30, 2020				September 30, 2019
Basic and diluted loss per common share:
Net loss		$	(3,551,359	)		$	(1,549,259	)
Basic weighted average shares outstanding			356,938,348				320,508,240
Basic and diluted loss per common share:		$	(0.01)			$	(0.00)

NOTE 11. EARNINGS (LOSS) PER SHARE

Basic earnings per common share (“EPS”) applicable to common stockholders is computed by dividing earnings applicable to common stockholders by the weighted-average number of common shares outstanding.

The control number for determining whether including potential common stock in the diluted EPS computation would be antidilutive is net income. As a result, if there is a loss from operations, diluted EPS is computed in the same manner as basic EPS is computed. Similarly, if the Company has net income but its preferred dividend adjustment made in computing income available to common stockholders results in a net loss available to common stockholders, diluted EPS would be computed in the same manner as basic EPS. Accordingly, the outstanding Series A Convertible Preferred Stock is considered anti-dilutive in which 33,911,991 and 40,000,000 were issued and outstanding at December 31, 2019 and 2018, respectively. Series A Convertible Preferred Stock is convertible into common stock on a 10 for 1 basis. The outstanding stock options are considered anti-dilutive in which 19,700,000 were issued and outstanding at December 31, 2019.

The calculations of basic and diluted EPS, are as follows:

		December 31, 2019				December 31, 2018
Basic and diluted loss per common share:
Net loss		$	(3,495,481	)		$	(1,155,286	)
Basic weighted average shares outstanding			246,656,149				180,479,232
Basic and diluted loss per common share:		$	(0.01	)		$	(0.01	)