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NOTE
10 – EARNINGS PER SHARE
FASB
ASC Topic 260, Earnings Per Share, requires a reconciliation of the numerator and denominator of the basic and diluted earnings
(loss) per share (EPS) computations.
Basic
and diluted earnings (loss) per share are the same since net losses for all periods presented and including the additional potential
common shares would have an anti-dilutive effect.
The
following table sets forth the computation of basic and diluted net income per share:
SCHEDULE OF COMPUTATION OF BASIC AND DILUTED NET INCOME PER SHARE
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Six Months Ended June 30, |
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Three Months Ended June 30, |
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2021 |
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2020 |
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2021 |
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2020 |
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| Net loss attributable to the common stockholders |
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$ |
(1,111,543 |
) |
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$ |
(511,578 |
) |
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$ |
(649,861 |
) |
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$ |
(260,396 |
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| Basic weighted average outstanding shares of common stock |
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35,800,266 |
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500,000 |
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36,353,187 |
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500,000 |
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| Dilutive effect of options and warrants |
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- |
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- |
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- |
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- |
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| Diluted weighted average common stock and common stock equivalents |
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35,800,266 |
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500,000 |
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36,353,187 |
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500,000 |
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| Loss per share: |
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| Basic and diluted |
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$ |
(0.03 |
) |
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$ |
(1.02 |
) |
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$ |
(0.02 |
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$ |
(0.52 |
) |
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