Net Loss Per Share Applicable to Common Shareholders

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

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 three and six months ended June 30, 2021, and 2020, respectively:

	Three Months Ended June 30,
	2021			2020
Numerator:
Net loss applicable to common shareholders	$	(1,523,769	)	$	(783,032	)
Denominator:
Weighted average common shares outstanding		201,678,218			88,833,282
Net loss per share data:
Basic and diluted	$	(0.01	)	$	(0.01	)

	Six Months Ended June 30,
	2021			2020
Numerator:
Net loss applicable to common shareholders	$	(4,278,721	)	$	(948,352	)
Denominator:
Weighted average common shares outstanding		194,455,386			86,408,229
Net loss per share data:
Basic and diluted	$	(0.02	)	$	(0.01	)

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 June 30, 2021, and 2020, the following shares were issuable and excluded from the calculation of diluted loss:

	June 30,
	2021		2020
Options		11,696,211		67,879
Warrants		12,600,000		-
Convertible Preferred Stock Series C		8,150,705		-
Accrued interest on Preferred Stock		376,803		32,784
Total		32,823,719		100,664