Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v3.10.0.1
NET LOSS PER SHARE
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
NET LOSS PER SHARE
13 NET LOSS PER SHARE

 

Basic loss per share is based on the weighted-average number of common shares outstanding during each period. Diluted loss per share is based on basic shares as determined above plus common stock equivalents. The computation of diluted net loss per share does not assume the issuance of common shares that have an anti-dilutive effect on net loss per share.

 

For the three months ended September 30, 2018, the calculation of diluted income per share is as follows:

 

    Amount     Number of shares     Per share amount  
                   
Basic earnings per share                        
Net income per share   $ 272,545       83,554,285     $ -  
                         
Effect of dilutive securities                        
Warrants     -       -          
Convertible debt     310,852       14,208,683          
                         
Diluted earnings per share                        
Net income per share   $ 583,397       97,762,968     $ -  

 

For the nine months ended September 30, 2018 and the three and nine months ended September 30, 2017, all convertible debt and warrants, were excluded from the computation of diluted net loss per share, as the result would have been anti-dilutive. Dilutive shares which could exist pursuant to the exercise of outstanding stock instruments and which were not included in the calculation because their effect would have been anti-dilutive are as follows:

 

    Nine months ended
September 30,
2018
(Shares)
    Three
Months and nine months ended
September 30,
2017
(Shares)
 
             
Convertible debt     17,102,973       21,491,850  
Warrants     8,527,713       8,527,713  
      25,630,686       30,019,563