Note 13 - Net Loss Per Share

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 13 – NET LOSS PER SHARE

During periods when there is a net loss, all potentially dilutive shares are anti-dilutive and are excluded from the calculation of diluted net loss per share. Based on the Company’s application of the as converted and treasury stock methods, all common stock equivalents were excluded from the computation of diluted earnings per share due to net losses as of December 31, 2021. During 2020, the potential common shares from the Tesla Agreement, which were contingent on certain events as described in Note 8, were excluded as the effect of conversion was anti-dilutive. Common stock equivalents that were excluded for the period ended June 30, and December 2021 because they were anti-dilutive are as follows:
 

	2021		2020
Convertible debt		1,085,343		-
Tesla agreement		-		1,000,000

The following table shows the computation of basic and diluted earnings per share for 2021:

	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Basic EPS
Income available to common stockholders	$	607,152		61,341,187	$	0.00
Effect of Dilutive Securities
Convertible debt		-		-		-
Diluted EPS
Income available to common stockholders with assumed conversions	$	607,152		61,341,187	$	0.00