Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share (Tables)

v3.22.1
Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2022
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 (unaudited) during the three months ended March 31, 2022 and 2021:

 

    2022     2021  
    Three Months Ended March 31,  
    2022     2021  
Numerator                
Net loss from continuing operations   $ (2,266,132 )   $ (3,667,328 )
Deemed dividends     (135,924,745 )     (50,358,149 )
Net loss attributable to common stockholders, continuing operations   $ (138,190,877 )   $ (54,025,477 )
Net loss from discontinued operations     (1,434 )     (226,666 )
Net loss available to common stockholders   $ (138,192,311 )   $ (54,252,143 )
                 
Denominator                
Weighted average number of shares of common stock outstanding during the period - basic and diluted     4,812,754       25  
                 
Net loss per share of common stock available to  common stockholders - basic and diluted:                
Basic and diluted, continuing operations   $ (28.71 )   $ (2,161,019.08 )
Basic and diluted, discontinued operations   $ (0.00 )   $ (9,066.64 )
Total basic and diluted   $ (28.71 )   $ (2,170,085.72 )
Schedule of Anti-dilutive 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 March 31, 2022 and 2021, 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,  
    2022     2021  
Warrants     5,002,174,096       1,383  
Convertible preferred stock     3,093,872,894       1,087  
Convertible debentures     388,960,870       77  
Stock options     26       26  
      8,485,007,886       2,573