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Net Loss Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Net Loss Per Share

NOTE 13. NET LOSS PER SHARE

The calculation of the weighted average number of shares outstanding and loss per share outstanding for the three and six months ended June 30, 2020 and 2019 are as follows:

		Three Months Ended June 30,								Six Months Ended June 30,
		2020				2019				2020				2019
Numerator for basic and diluted income per share – Net loss		$	(497,894	)		$	(387,730	)		$	(2,832,004	)		$	(3,592,904	)

Denominator for basic loss per share – weighted average shares outstanding			18,976,724				11,305,248				16,430,214				11,124,222
Dilutive effect of shares issuable under stock options and warrants outstanding			—				—				—				—

Denominator for diluted loss per share – adjusted weighted average shares outstanding			18,976,724				11,305,248				16,430,214				11,124,222

Net loss per share:
Basic		$	(0.03	)		$	(0.03	)		$	(0.17	)		$	(0.32	)
Diluted		$	(0.03	)		$	(0.03	)		$	(0.17	)		$	(0.32	)

Basic loss per share is based upon the weighted average number of common shares outstanding during the period. For the three and six months ended June 30, 2020 and 2019, all shares issuable upon conversion of convertible debt and the exercise of outstanding stock options and warrants were antidilutive, and, therefore, not included in the computation of diluted income (loss) per share.