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Loss Per Share
6 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Loss Per Share

NOTE 9 – LOSS PER SHARE

 

The Company follows ASC 260, “Earnings Per Share”, for share-based payments that are considered to be participating securities within the definition provided by the standard. All share-based payment awards that contained non-forfeitable rights to dividends, whether paid or unpaid, were designated as participating securities and included in the computation of earnings per share (“EPS”).

 

The following table sets forth the computation of basic and diluted loss per share:

 

    Three Months Ended     Six Months Ended  
    December 31,     December 31,  
    2018     2017     2018     2017  
    (unaudited)     (unaudited)  
                         
Net loss   $ (1,930,445 )   $ (1,820,561 )   $ (3,555,391 )   $ (4,847,658 )
                                 
Weighted average common shares outstanding:                                
Basic and diluted     499,897,012       400,312,285       485,929,475       387,913,206  
                                 
Basic and diluted loss per share   $ (0.00 )   $ (0.00 )   $ (0.01 )   $ (0.01 )