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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 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 September 30, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$(592,845)

 

 

9,343,671

 

 

$(0.06)

Effect of dilutive stock options, warrants and series A shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$(592,845)

 

 

9,343,671

 

 

$(0.06)

For the three months ended September 30, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$17,010

 

 

 

2,548,212

 

 

$0.01

 

Effect of dilutive stock options, warrants and series A shares

 

 

 

 

 

 

2,005,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$17,010

 

 

 

4,553,212

 

 

$0.00

 

 

 

 

Net (Loss)

Income

 

 

Shares

 

 

Per Share

Amount

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$(1,945,471

 

 

7,939,008

 

 

$(0.25)

Effect of dilutive stock options, warrants and series A shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$(1,945,471

 

 

7,939,008

 

 

$(0.25)

For the nine months ended September 30, 2020:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

$(549,219)

 

 

2,500,789

 

 

$(0.22)

Effect of dilutive stock options, warrants and series A shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$(549,219)

 

 

2,500,789

 

 

$(0.22)