Net Loss Per Share Applicable to Common Shareholders

12 Months Ended

Dec. 31, 2020

Note 4 – Net Loss Per Share Applicable to Common Shareholders

Net Loss per Share Applicable to Common Stockholders

Basic loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the reporting period. Diluted loss per common share is computed similarly to basic loss per common share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock.

The following table sets forth the computation of loss per share for the years ended December 31, 2020 and 2019, respectively:

	December 31,
	2020			2019
Numerator:
Net loss applicable to common shareholders	$	(2,936,129	)	$	(3,885,262	)

Denominator:
Weighted average common shares outstanding		105,177,272			45,248,520

Net loss per share data:
Basic and diluted	$	(0.03	)	$	(0.09	)

The Company excluded all common equivalent shares outstanding for warrants, options and convertible instruments to purchase common stock from the calculation of diluted net loss per share because all such securities are antidilutive for the periods presented. As of December 31, 2020 and 2019, the following shares were issuable and excluded from the calculation of diluted loss:

	December 31,
	2020		2019
Convertible Notes		79,475,904		36,135,065
Options		13,453,879		67,879
Warrants		-		2,800,000
Accrued interest on Preferred Stock		92,253		-
Total		93,022,036		39,002,944