Annual report pursuant to Section 13 and 15(d)

Loss per Share (Tables)

v3.23.1
Loss per Share (Tables)
 12 Months Ended
Dec. 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 available to common stockholders for the years ended December 31, 2022 and 2021:

 

                 
    Year Ended December 31,  
    2022     2021  
Numerator                
Net loss from continuing operations   $ (3,274,580 )   $ (5,272,373 )
Deemed dividends     (330,876,369 )     (506,477,007 )
Net loss available to common stockholders, continuing operations     (334,150,949 )     (511,749,380 )
Net (loss) income from discontinued operations     (18,475 )     10,877,530  
Net loss available to common stockholders   $ (334,169,424 )   $ (500,871,850 )
                 
Denominator                
Weighted average number of shares of common stock outstanding during the period - basic and diluted     9,992,238,468       548,377  
                 
Net (loss) income per share of common stock available to common stockholders - basic and diluted:                
Continuing operations   $ (0.03 )   $ (933.21 )
Discontinued operations     (0.00 )     19.84  
Total basic and diluted   $ (0.03 )   $ (913.37 )
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 December 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:

                 
    Year Ended December 31,  
    2022     2021  
Common stock warrants     511,333,351,090       54,280,658  
Convertible preferred stock     452,995,411,111       48,188,965  
Convertible debentures     28,777,833,333       2,877,783  
Stock options     26       26  
Anti-dilutive shares     993,106,595,560       105,347,432