NET INCOME (LOSS) PER COMMON SHARE

6 Months Ended

Jun. 30, 2023

NET INCOME (LOSS) PER COMMON SHARE

NET INCOME (LOSS) PER COMMON SHARE

NOTE 11 - 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.

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2023		2022			2023		2022
Numerator:
Net income	$	2,534,681	$	1,494,315		$	1,177,418	$	3,187,289
(Gain) loss on change in fair value of derivatives		55,567		(1,721,502	)		1,192,547		(3,591,966	)
Interest on convertible debt		17,245		17,245			15,638		43,634
Net income (loss) - diluted	$	2,607,493	$	(209,942	)	$	2,385,603	$	(361,043	)
Denominator:
Weighted average common shares outstanding		753,377,447		346,056,944			699,023,612		300,611,406
Effect of dilutive shares		1,066,176,661		801,291,914			1,066,568,791		1,483,367,858
Diluted		1,819,554,108		1,147,348,858			1,765,592,403		1,783,979,264
Net income (loss) per common share:
Basic	$	0.00	$	0.00		$	0.00	$	0.01
Diluted	$	0.00	$	(0.00	)	$	0.00	$	(0.00	)

For the three and six months ended June 30, 2022, the convertible instruments and warrants are anti-dilutive and therefore, have been excluded from loss per share.