18. Net income (loss) per common share

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

18. Net income (loss) per common share

18. Net loss (income) per common share

For the three months ended September 30, 2017, 480,000 options to purchase shares of common stock; 22,004,075 warrants to purchase shares of common stock and convertible notes convertible into 3,721,311 shares of common stock at the Company’s share price on September 30, 2017, were excluded from the calculation of earnings per share as the result would have been anti-dilutive.

For the three months ended September 30, 2016 the computation of basic and diluted earnings per share is as follows:

	Amount	Number of shares	Per share amount
Basic earnings per share
Net loss per share from continuing operations	$       (181,930)	48,738,855	$                -
Net income per share from discontinued operations	318,901	48,738,855	$                -
Basic income per share	136,971	48,738,855	-
Effect of dilutive securities
Warrants	-	266,700
Options	-	-
Diluted earnings per share
Net loss per share from continuing operations	(181,930)	49,005,555	-
Net income per share from discontinued operations	318,901	49,005,555	-
	$         136,971	49,005,555	$                -

For the nine months ended September 30, 2017 the computation of basic and diluted earnings per share is as follows:

	Amount	Number of shares	Per share amount
Basic earnings per share
Net loss per share from continuing operations	$    (1,002,464)	102,455,451	$           (0.01)
Net income per share from discontinued operations	7,194,389	102,455,451	$            0.07
Basic income per share	6,191,925	102,455,451	0.06
Effect of dilutive securities
Warrants	-	14,856,699
Options	-	-
Diluted earnings per share
Net loss per share from continuing operations	(1,002,464)	117,312,150	(0.01)
Net income per share from discontinued operations	7,194,389	117,312,150	0.06
	$      6,191,925	117,312,150	$            0.05

For the nine months ended September 30, 2016 the computation of basic and diluted earnings per share is as follows:

	Amount	Number of shares	Per share amount
Basic earnings per share
Net loss per share from continuing operations	$       (413,294)	48,158,563	$                -
Net income per share from discontinued operations	762,680	48,158,563	$                -
Basic income per share	349,386	48,158,563	-
Effect of dilutive securities
Warrants	-	266,700
Options	-	-
Diluted earnings per share
Net loss per share from continuing operations	(413,294)	48,425,263	-
Net income per share from discontinued operations	762,680	48,425,263	-