Quarterly report pursuant to Section 13 or 15(d)

Organization and Nature of Business (Tables)

v3.20.1
Organization and Nature of Business (Tables)
3 Months Ended
Mar. 31, 2020
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, 2020 and 2019 were as follows:

 

    Three months ended March 31,  
    2020     2019  
Numerator:            
Net income attributable to common shareholders   $ 4,338,418     $ (2,406,225 )
                 
Effect of dilutive securities                
Convertible notes     (6,035,559 )     -  
Net loss for diluted earnings per share     (1,697,141 )     -  
Denominator:                
Weighted-average number of common shares outstanding during the period     2,952,171       481,827  
Dilutive effect of convertible notes payable     8,973,616       -  
Common stock and common stock equivalents used for diluted earnings per share     11,925,787       481,827