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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2021
Summary of Significant Accounting Policies  
Schedule of property and equipment depreciated

Description

 

Useful Life

 

Method

Office equipment

 

7 years

 

Straight-line

Machinery and equipment

 

5 to 10 years

 

Straight-line

Computer equipment

 

3 to 7 years

 

Straight-line

Vehicles

 

5 years

 

Straight-line

Schedule of weighted average shares outstanding and the basic diluted earnings per share

 

 

Net (Loss)

Income

 

 

Shares

 

 

Per Share

Amount

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$(472,695 )

 

 

8,863,517

 

 

$(0.05 )

Effect of dilutive stock options, warrants and series A shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$(472,695 )

 

 

8,863,517

 

 

$(0.05 )

For the three months ended June 30, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$(243,268 )

 

 

2,476,816

 

 

$(0.10

Effect of dilutive stock options, warrants and series A shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$(243,268 )

 

 

2,476,816

 

 

$(0.10

 

 

Net (Loss)

Income

 

 

Shares

 

 

Per Share

Amount

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$(1,352,626 )

 

 

7,225,036

 

 

$(0.19 )

Effect of dilutive stock options, warrants and series A shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$(1,352,626 )

 

 

7,225,036

 

 

$(0.19 )

For the six months ended June 30, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$(556,229 )

 

 

2,476,816

 

 

$(0.23 )

Effect of dilutive stock options, warrants and series A shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$(556,229 )

 

 

2,476,816

 

 

$(0.23 )