Three months ended March 31,

2019

2018

Net income (loss)

$

(1,833,887

)

$

23,647,515

Deemed capital contribution on extinguishment of preferred stock

-

4,068,720

Net income (loss) available to common shareholders - basic

(1,833,887

)

27,716,235

Interest expense on convertible notes payable - related parties

-

17,958

Net income (loss) available to common shareholders - diluted

$

(1,833,887

)

$

27,734,193

Weighted average shares outstanding - basic

22,414,936

15,170,492

Dilutive shares – convertible notes payable – related parties

-

3,231,575

Weighted average shares outstanding - diluted

22,414,936

18,402,067

Basic income (loss) per share

$

(0.08

)

$

1.83

Diluted income (loss) per share

$

(0.08

)

$

1.51