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NET EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

NET EARNINGS (LOSS) PER SHARE

NOTE 13. NET EARNINGS (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, 2021 and 2020 are as follows:

			2021				2020				2021				2020
		Three Months Ended June 30,									Six Months Ended June 30,
		2021				2020					2021				2020
Numerator for basic and diluted income per share – Net income (loss)		$	(5,382,487	)		$	(497,894	)		$	16,339,371			$	(2,832,004	)

Denominator for basic loss per share – weighted average shares outstanding			51,513,691				18,976,724				48,177,399				16,430,214
Dilutive effect of shares issuable under stock options and warrants outstanding			—				—				—				—

Denominator for diluted loss per share – adjusted weighted average shares outstanding			51,513,691				18,976,724				48,177,399				16,430,214

Net loss per share:
Basic		$	(0.10	)		$	(0.03	)		$	0.34			$	(0.17	)
Diluted		$	(0.10	)		$	(0.03	)		$	0.34			$	(0.17	)

Basic income (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, 2021 and 2020, 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.