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Summary of Significant Accounting Policies: Earnings Per Share Policy (Policies)
12 Months Ended
Dec. 31, 2020
Policies  
Earnings Per Share Policy

Earnings per share

The Company follows ASC Topic 260 to account for the earnings per share. Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods of net loss, all common stock equivalents are excluded from the diluted EPS calculation because they are antidilutive. Potential equivalent shares of Common Stock as of December 31, 2020 that have been excluded from the computation of diluted net loss per share amounted to 28,428,057 shares of Common Stock, which included 14,791,882 shares of Common Stock underlying outstanding warrants and 13,636,175 shares of Common Stock underlying outstanding convertible notes payable.