Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Schedule of Earnings (Loss) Per Share

The components of basic and diluted earnings per share for the six months ended June 30, 2020 and 2019 were as follows:

 

    Six months ended June 30,  
    2020     2019  
Numerator:            
Net income (loss) attributable to common shareholders   $ 2,703,767     $ (10,243,771 )
                 
Effect of dilutive securities                
Convertible notes     (4,921,950 )     -  
Net loss for diluted earnings per share   $ (2,218,183 )   $ (10,243,771 )
Denominator:                
Weighted-average number of common shares outstanding during the period     6,368,643       529,924  
Dilutive effect of convertible notes payable     8,696,619       -  
Common stock and common stock equivalents used for diluted earnings per share     15,065,162       529,924