Annual report pursuant to Section 13 and 15(d)

Loss Per Share

v3.21.1
Loss Per Share
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Loss Per Share

NOTE 10 – Loss Per Share

 

The following data show the amounts used in computing loss per share and the effect on income and the weighted average number of shares of dilutive potential common stock for the periods ended December 31, 2020 and 2019:

 

    Year Ended December 31  
    2020     2019  
Loss from continuing Operations available to Common stockholders (numerator)   $ (7,009,414   $ (6,320,849 )
                 
Weighted average number of common shares Outstanding used in loss per share during the Period (denominator)     3,829,716       1,176,278  

 

Dilutive loss per share was not presented as the Company’s outstanding common and preferred warrants, stock options and preferred stock common equivalent shares for the periods presented would have had an anti-dilutive effect. At December 31, 2020, the Company had outstanding 1,881,429 common warrants which could be converted to 1,881,429 shares of common stock, and 713,010 stock options exercisable for 713,010 shares of common stock, 10 Series D Preferred Warrants exercisable for 10 shares of Series D Preferred Stock, which in turn, are convertible into 4,748 shares of common stock, and 715 shares of preferred stock, which could be converted into 243,024 shares of common stock, resulting in a potential total additional 2,842,211 common stock shares outstanding in the future. At December 31, 2019, the Company had outstanding 363,728 warrants which could be converted to 363,728 shares of common stock, a $50,000 note payable convertible into 2,500 shares of common stock, and 180,903 stock options exercisable for 180,903 shares of common stock resulting in a potential total additional 547,131 common stock shares outstanding in the future.