Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share (Tables)

v3.21.2
Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Available to Common stockholders

The following table sets forth the computation of the Company’s basic and diluted net loss per share available to common stockholders during the three and nine months ended September 30, 2021 and 2020 (unaudited):

 

    2021     2020     2021     2020  
   

Three Months Ended

September 30,

   

Nine Months Ended

September 30,

 
    2021     2020     2021     2020  
Numerator                                
Net income (loss) from continuing operations   $ 785,565     $ (6,025,885 )   $ (4,371,860 )   $ (9,697,922 )
Deemed dividends     (259,530,999 )     (63,544,950 )     (409,142,478 )     (66,695,318 )
Net loss available to common stockholders, continuing operations     (258,745,434 )     (69,570,835 )     (413,514,338 )     (76,393,240 )
Net income (loss) from discontinued operations     545,399       (166,180 )     10,880,148       (164,293 )
Net loss available to common stockholders   $ (258,200,035 )   $ (69,737,015 )   $ (402,634,190 )   $ (76,557,533 )
                                 
Denominator                                
Basic and diluted weighted average shares of common stock outstanding     438,998,913       1,284       150,459,817       1,086  
                                 
Loss per share available to common stockholders- basic and diluted:                                
Continuing operations   $ (0.59 )   $ (54,182.89 )   $ (2.75 )   $ (70,343.68 )
Discontinued operations   $ 0.00     $ (129.42 )   $ 0.07     $ (151.28 )
Total basic and diluted   $ (0.59 )   $ (54,312.31 )   $ (2.68 )   $ (70,494.96 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Diluted loss per share excludes all dilutive potential shares if their effect is anti-dilutive. As of September 30, 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:

    2021     2020  
    September 30,  
    2021     2020  
Warrants     182,663,835,039       335,461  
Convertible preferred stock     89,770,798,934       313,808  
Convertible debentures     9,664,944,444       51,133  
Stock options     26       26  
Dilutive potential shares     282,099,578,443       700,428