Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

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

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

 

    Nine months ended September 30,  
    2020     2019  
Numerator:            
Net income (loss) attributable to common shareholders   $ 1,634,726     $ (11,649,967 )
                 
Effect of dilutive securities                
Convertible notes     (5,063,936 )     -  
Net loss for diluted earnings per share   $ (3,429,210 )   $ (11,649,967 )
Denominator:                
Weighted-average number of common shares outstanding during the period     9,621,530       613,272  
Dilutive effect of convertible notes payable     13,953,850       -  
Common stock and common stock equivalents used for diluted earnings per share     23,575,380       613,272