Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share (Tables)

v3.22.2.2
Loss Per Share (Tables)
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2022 and 2021:

  

                                 
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2022     2021     2022     2021  
Numerator                                
Net (loss) income from continuing operations   $ (1,339,865 )   $ 785,565     $ (4,105,838 )   $ (4,371,860 )
Deemed dividends     -       (259,530,999 )     (330,876,369 )     (409,142,478 )
Net loss available to common stockholders, continuing operations     (1,339,865 )     (258,745,434 )     (334,982,207 )     (413,514,338 )
Net (loss) income from discontinued operations     (1,696 )     545,399       (7,075 )     10,880,148  
Net loss available to common stockholders   $ (1,341,561 )   $ (258,200,035 )   $ (334,989,282 )   $ (402,634,190 )
                                 
Denominator                                
Weighted average number of shares of common stock outstanding during the period - basic and diluted     10,569,572,256       43,900       4,130,876,898       15,046  
                                 
Net loss per share of common stock available to common stockholders - basic and diluted:                                
Continuing operations   $ (0.00 )   $ (5,893.97 )   $ (0.08 )   $ (27,483.34 )
Discontinued operations     (0.00 )     12.42       (0.00 )     723.13  
Total basic and diluted   $ (0.00 )   $ (5,881.55 )   $ (0.08 )   $ (26,760.21 )
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 September 30, 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:

  

    Nine Months September 30,  
    2022     2021  
Warrants     511,333,351,092       18,266,394  
Convertible preferred stock     466,707,633,333       8,977,081  
Convertible debentures     28,777,833,333       966,494  
Stock options     26       26  
      1,006,818,817,784       28,209,995