NET INCOME PER COMMON SHARE

12 Months Ended

Dec. 31, 2021

NET INCOME PER COMMON SHARE

NOTE 12 - NET INCOME PER COMMON SHARE

NOTE 13: NET INCOME (LOSS) PER COMMON SHARE 

Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the periods. Diluted net income per common share is computed using the weighted average number of common and dilutive common equivalent shares outstanding during the periods. Common equivalent shares consist of convertible preferred stock and convertible notes that are computed using the if-converted method, and outstanding warrants that are computed using the treasury stock method. Antidilutive stock awards consist of stock options that would have been antidilutive in the application of the treasury stock method.

	Year Ended December 31, 2021			Year Ended December 31, 2020
Numerator:
Net income (loss)	$	90,762,881		$	(106,248,820	)
Gain on change in fair value of derivatives		(92,504,847	)		-
Interest on convertible debt		65,342			-
Net loss - diluted	$	(1,676,624	)	$	(106,248,820	)
Denominator:
Weighted average common shares outstanding		132,026,785			1,913,113
Effect of dilutive shares		649,996,742			-
Diluted		782,023,527			1,913,113
Net income (loss) per common share:
Basic	$	0.69		$	(55.54	)
Diluted	$	(0.00	)	$	(55.54	)

For the year ended December 31, 2020, the convertible instruments and warrants are anti-dilutive and therefore, have been excluded from earnings (loss) per share.