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1. Summary of Significant Accounting Policies and Business Operations: Net Income (loss) Per Share (Policies)
12 Months Ended
Dec. 31, 2019
Policies  
Net Income (loss) Per Share

Net Income (Loss) Per Share

 

The Company is required to have dual presentation of basic earnings per share (“EPS”) and diluted EPS.  Basic EPS is computed as net income (loss) divided by the weighted average number of common shares outstanding for the periods. Diluted EPS is calculated based on the weighted average number of common shares outstanding during the period plus the effect of potentially dilutive common stock equivalents, including options and warrants to purchase the Company’s common stock.

 

For the year ended December 31, 2019, stock options of 960,000 are included in and 4,075,000 are excluded from the calculation of diluted income per share. Options are excluded because their exercise prices were greater than the average trading price of the Company’s common stock for the year.  For the year ended December 31, 2018, stock options of 3,710,000 and warrants of 1,275,000 are excluded in the calculation of diluted income per share as their effect would have been anti-dilutive due to the net loss recognized in that period.