STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2020

Note 9. STOCKHOLDERS’ EQUITY

Series A Warrants

In the six months ended June 30, 2020, the Company issued 19.9 billion shares in connection with the cashless exercise of the Series A warrants.

Stock Options

A summary of Stock-based compensation expense recognized is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Stock-based compensation	$	(7,665)	$	83,175	$	74,279	$	196,254

Income (Loss) Per Share

The following table summarizes the Company’s securities, in common share equivalents, that have been excluded from the calculation of dilutive loss per share as their effect would be anti-dilutive:

	As of June 30,
	2020		2019
Preferred stock		201,501,000,000		201,501,000,000
Stock options		68,062,000,000		68,012,000,000
Warrants		36,460,000,000		41,579,000,000
Total		306,023,000,000		311,092,000,000