Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.20.1
Earnings Per Share
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
12. EARNINGS PER SHARE

 

Potentially dilutive securities, issued by the Company, were comprised of the following:

 

    March 31, 2020     March 31, 2019  
Stock purchase warrants     3,256,451       3,279,500  
Convertible debt warrants     112,500       363,750  
Options     2,109,170       1,775,500  
Total     5,478,121       5,418,750  

 

The following table sets forth the composition of the weighted average shares (denominator) used in the basic and dilutive earnings per share computation for the three months ended March 31, 2020 and 2019. Potentially dilutive securities were not included in the computation of diluted loss per share for the three months ended March 31, 2020, because to do so would have been anti-dilutive. Therefore, basic loss per share is the same as diluted loss per share.

 

    Three months ended  
    March 31,
2020
    March 31,
2019
 
Net income (loss)   $ (2,093,518 )   $ 229,421  
Weighted average shares outstanding, basic     37,823,304       28,437,132  
Effect of dilutive common stock equivalents     -       5,418,750  
Adjusted weighted average shares outstanding, dilutive     37,823,304       33,855,882  
Basic income (loss) per shares   $ (.055 )   $ .01  
Dilutive income (loss) per share   $ (.055 )   $ .01