Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.22.2.2
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
SCHEDULE OF ANTI DILUTIVE SECURITIES

The following potentially dilutive securities were excluded from the calculation of diluted net loss per share because the effects were anti-dilutive based on the application of the treasury stock method and because the Company incurred net losses during the period:

 

    2022     2021     2022     2021  
    For the Nine Months Ended September 30,     For the Three Months Ended September 30,  
    2022     2021     2022     2021  
Convertible notes payable     9,386,463       5,532,796       9,386,463       5,532,796  
Warrants to purchase shares of common stock     11,841,160       7,222,558       11,841,160       7,222,558  
Total potentially dilutive shares     21,227,623       12,755,354       21,227,623       12,755,354  

SCHEDULE OF COMPUTATION OF BASIC AND DILUTED NET INCOME PER SHARE

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

    2022     2021     2022     2021  
    Nine Months Ended September 30,     Three Months Ended September 30,  
    2022     2021     2022     2021  
                         
Net loss attributable to the common stockholders   $ (2,070,880 )   $ (1,777,447 )   $ (726,509 )   $ (665,904 )
                                 
Basic weighted average outstanding shares of common stock     37,295,803       36,138,191       37,295,803       36,721,651  
Dilutive effect of options and warrants     -       -       -       -  
Diluted weighted average common stock and common stock equivalents     37,295,803       36,138,191       37,295,803       36,721,651  
                                 
Loss per share:                                
Basic and diluted   $ (0.06 )   $ (0.05 )   $ (0.02 )   $ (0.02 )