Quarterly report pursuant to Section 13 or 15(d)

Earning (Loss) Per Share (Tables)

v3.23.3
Earning (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

The earnings (loss) per share accounting guidance is discussed in Note 1. Diluted loss per share excludes all dilutive potential shares if their effect is anti-dilutive. The following table sets forth the computation of the Company’s basic and diluted net earnings (loss) per share available to common stockholders (unaudited) for the three and nine months ended September 30, 2023 and 2022:

    2023     2022     2023     2022  
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2023     2022     2023     2022  
Numerator                        
Net income (loss) from continuing operations   $ (547,113 )   $ (1,339,865 )   $ 1,544,377     $ (4,105,838 )
Deemed dividends     -       -       -       (330,876,369 )
Net income (loss) available to common stockholders, continuing operations     (547,113 )     (1,339,865 )     1,544,377       (334,982,207 )
Net loss from discontinued operations     (1,116 )     (1,696 )     (9,213 )     (7,075 )
Net income (loss) available to common stockholders   $ (548,229 )   $ (1,341,561 )   $ 1,535,164     $ (334,989,282 )
                                 
Denominator                                
Weighted average number of shares of common stock outstanding during the period - basic     31,401,420,083       10,569,572,256       30,369,571,341       4,130,876,898  
Warrants     -       -       20,977,778,506       -  
Convertible preferred stock     -       -       451,710,162,027       -  
Weighted average number of shares of common stock outstanding during the period - diluted     31,401,420,083       10,569,572,256       503,057,511,874       4,130,876,898  
Net income (loss) per share of common stock available to common stockholders - basic:                                
Continuing operations   $ (0.00 )   $ (0.00 )   $ 0.00     $ (0.08 )
Discontinued operations     (0.00 )     (0.00 )     (0.00 )     (0.00 )
Total basic   $ (0.00 )   $ (0.00 )   $ 0.00     $ (0.08 )
                                 
Net income (loss) per share of common stock available to common stockholders - diluted:                                
Continuing operations   $ (0.00 )   $ (0.00 )   $ 0.00     $ (0.08 )
Discontinued operations     (0.00 )     (0.00 )     (0.00 )     (0.00 )
Total diluted   $ (0.00 )   $ (0.00 )   $ 0.00     $ (0.08 )
Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

    2023     2022  
    Three Months September 30,  
    2023     2022  
Warrants     511,333,351,089       511,333,351,092  
Convertible preferred stock     444,750,633,333       466,707,633,333  
Convertible debentures     28,777,833,333       28,777,833,333  
Stock options     26       26  
Anti-dilutive shares     984,861,817,781       1,006,818,817,784  

 

For the nine months ended September 30, 2023 and 2022, the following potential common stock equivalents were excluded from the calculation of diluted loss per share as their effect was anti-dilutive:

 

    2023     2022  
    Nine Months September 30,  
    2023     2022  
Warrants     490,355,572,583       511,333,351,092  
Convertible preferred stock     -       466,707,633,333  
Convertible debentures     28,777,833,333       28,777,833,333  
Stock options     26       26  
Anti-dilutive shares     519,133,405,942       1,006,818,817,784