Quarterly report pursuant to Section 13 or 15(d)

7. Loss per Common Share (Tables)

v3.20.2
7. Loss per Common Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings per share calculation

As of June 30, 2020, diluted net earnings (loss) per common share excludes any impact from the 3,950,000 warrants outstanding (including 834,000 that are exercisable as of June 30, 2019) as their impact would be antidilutive.

 

    Three Months Ended     Six Months Ended  
    June 30, 2020     June 30, 2019     June 30, 2020     June 30, 2019  
                         
Numerator                                
Net loss   $ (873,271 )   $ (1,052,191 )   $ (1,798,799 )   $ (3,500,690 )
Denominator                                
Basic and Diluted weighted average common shares     70,016,548       30,889,916       51,468,125       30,541,704  
Basic and diluted net loss per common share   $ (0.01 )   $ (0.03 )   $ (0.03 )   $ (0.11 )