PER SHARE DATA

3 Months Ended

Mar. 31, 2021

NOTE 11 - 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, 2021, the weighted average shares outstanding excluded options to purchase 46,704,500 shares of common stock of the Company, warrants to purchase 24,619,623 shares of common stock of the Company and 110,410,321 shares of common stock of the Company issuable upon the conversion of notes because their effect would be anti-dilutive.

At December 31, 2020, the weighted average shares outstanding excluded options to purchase 56,661,515 shares of common stock of the Company, warrants to purchase 24,619,623 shares of common stock of the Company and 107,025,597 shares of common stock of the Company issuable upon the conversion of notes payable because their effect would be anti-dilutive.