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1. Summary of Significant Accounting Policies and Business Operations: Net Income (loss) Per Share (Policies)
9 Months Ended
Sep. 30, 2021
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.  The Company calculates basic earnings (loss) per share by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding. We do not include the impact of any potentially dilutive common stock equivalents in our basic earnings (loss) per share calculations. Diluted earnings per share reflect potentially dilutive common stock equivalents, including options and warrants that could share in our earnings through the conversion of common shares, except where their inclusion would be anti-dilutive.

 

For the three and nine months ended September 30, 2021, stock options of 3,355,000 are excluded from the calculation of diluted income per share as their effect would have been anti-dilutive to the net loss for the periods.

 

For the three and nine months ended September 30, 2020, dilutive common stock equivalents of 2,972,517 and 1,363,714, respectively are included in calculation of diluted income per share as the options’ exercise price was lower than the average share price during the periods.