PER SHARE DATA

3 Months Ended

Mar. 31, 2020

NOTE 10 - PER SHARE DATA

The computation of basic earnings (loss) per share of common stock is based on the weighted average number of shares outstanding during the year. The computation of diluted earnings per common share is based on the weighted average number of shares outstanding during the year plus the common stock equivalents that would arise from the exercise of stock options and warrants outstanding under the treasury method and the average market price per share during the year as well as the conversion of notes. At March 31, 2020, the weighted average shares outstanding excluded options to purchase 60,676,568

hares of common stock of the Company, warrants to purchase 26,688,373 shares of common stock of the Company and 99,475,033, shares of common stock of the Company issuable upon the conversion of notes because their effect would be anti-dilutive. At March 31, 2019, the weighted average shares outstanding excluded options to purchase 55,526,568 shares of common stock of the Company, warrants to purchase 26,688,373 shares of common stock of the Company and 98,265,956, shares of common stock of the Company issuable upon the conversion of notes because their effect would be anti-dilutive.