Quarterly report pursuant to Section 13 or 15(d)

Loss per Share (Tables)

v3.21.1
Loss per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

The following table sets forth the computation of the Company’s basic and diluted net loss per share during the three months ended March 31, 2021 and 2020:

 

    Three Months Ended March 31,  
    2021     2020  
Numerator                
Net loss from continuing operations   $ (3,667,328 )   $ (5,810,709 )
Deemed dividends     (50,358,149 )     -  
Net loss attributable to common stockholders, continuing operations   $ (54,025,477 )   $ (5,810,709 )
Net (loss) income from discontinued operations     (226,666 )     18,931  
Net loss available to common stockholders   $ (54,252,143 )   $ (5,791,778 )
                 
Denominator                
Basic and diluted weighted average common shares outstanding     248,823,935       981,322  
                 
Loss per share, basic and diluted                
Basic and diluted, continuing operations   $ (0.22 )   $ (5.92 )
Basic and diluted, discontinued operations   $ (0.00 )   $ 0.02  
Total basic and diluted   $ (0.22 )   $ (5.90 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

As of March 31, 2021 and 2020, the following potential common stock equivalents were excluded from the calculation of diluted loss per share as their effect was anti-dilutive:

 

    Three Months Ended March 31,  
    2021     2020  
Warrants     13,830,704,953       63,458,536  
Convertible preferred stock     10,870,999,619       7,887,237  
Convertible debentures     770,100,000       3,063,478  
Stock options     26       26  
      25,471,804,598       74,409,277