Earnings Per Share

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Earnings Per Share

NOTE 19 – LOSS PER SHARE

A reconciliation of the numerator and denominator used in the basic and diluted loss per share calculation is presented as follows:

	Year ended December 31
	2020			2019
Basic Loss Per Share
Net loss numerator	$	(21,491,113	)	$	(3,115,703	)
Weighted average shares outstanding denominator		5,305,829			5,306,879
Per share amount	$	(4.05	)	$	(0.59	)
Diluted Loss Per Share
Net loss numerator	$	(21,491,113	)	$	(3,115,703	)
Weighted average shares outstanding		5,305,829			5,306,879
Effect of diluted securities		—			—
Diluted shares outstanding denominator		5,305,829			5,306,879
Per share amount	$	(4.05	)	$	(0.59	)

As of December 31, 2020 and 2019, the Company had no common share equivalents that were excluded in the diluted loss per share calculation for years ended December 31, 2020 and 2019.