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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings Per Share (Policies)
3 Months Ended
Mar. 31, 2022
Policies  
Earnings Per Share

Earnings Per Share

 

Net income (loss) per share is calculated in accordance with ASC 260, Earnings Per Share. The weighted-average number of common shares outstanding during each period is used to compute basic earnings or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised.

 

Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at December 31, 2021 and December 31, 2020 respectively.  Due to net operating losses, there is no presentation of dilutive earnings per share, as it would be anti-dilutive.

 

As of December 31, 2021, 900,000 options (2020: 900,000) were excluded from the diluted weighted-average number of ordinary shares calculation because their effect would have been anti-dilutive.