Quarterly report pursuant to Section 13 or 15(d)

Summary of significant accounting policies (Tables)

v3.21.2
Summary of significant accounting policies (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2021, and 2020 were as follows:

 

    2021     2020  
    Six months ended June 30,  
    2021     2020  
Numerator:                
Net income (loss) attributable to common shareholders   $ (3,997,550 )   $ 2,703,767  
                 
Effect of dilutive securities                
Convertible notes     -       (4,921,950 )
Net loss for diluted earnings per share   $ (3,997,550 )   $ (2,218,183 )
Denominator:                
Weighted-average number of common shares outstanding during the period     50,084,150       6,368,543  
Dilutive effect of convertible notes payable     -       8,696,619  
Common stock and common stock equivalents used for diluted earnings per share     50,084,150       15,065,162