Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Earnings (Loss) Per Share

The components of basic and diluted earnings per share for the three months ended March 31, 2021 and 2020 were as follows:

 

    Three months ended March 31,  
    2021     2020  
Numerator:                
Net income (loss) attributable to common shareholders   $ (2,680,881 )   $ 4,338,418  
                 
Effect of dilutive securities                
Convertible notes     -       (6,035,559 )
Net loss for diluted earnings per share   $ (2,680,881 )   $ (1,697,141 )
Denominator:                
Weighted-average number of common shares outstanding during the period     41,570,483       2,952,171  
Dilutive effect of convertible notes payable     -       8,973,616  
Common stock and common stock equivalents used for diluted earnings per share     41,570,483       11,925,787