Quarterly report pursuant to Section 13 or 15(d)

2. Basis of Presentation and Significant Accounting Policies (Tables)

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2. Basis of Presentation and Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of entities

The accompanying consolidated financial statements include the accounts of the following entities:

 

Name of entity   State of Incorporation   Relationship
Black Ridge Oil and Gas, Inc.   Nevada   Parent
Black Ridge Acquisition Corp. (“BRAC”)   Delaware   Subsidiary(1)

 

(1)Wholly-owned subsidiary through October 10, 2017, the date of BRAC’s IPO, following which it is consolidated as a variable interest entity.

Reconciliation of denominators used to calculate EPS

The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the three and nine months ended September 30, 2018 and 2017 are as follows:

 

    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2018     2017     2018     2017  
Weighted average common shares outstanding – basic     479,821,911       64,438,566       479,807,318       53,526,470  
Plus: Potentially dilutive common shares:                                
Stock options and warrants     221,053             237,953        
Weighted average common shares outstanding – diluted     480,042,964       64,438,566       480,045,271       53,526,470