Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Computation of Basic and Diluted Earnings per Share

The table below details the computation of basic and diluted earnings per share ("EPS") for the three months ended December 31, 2021 and 2020:

For the Three Months ended

December 31, 2021

For the Three Months ended

December 31, 2020

Net income attributable to common stockholders for the period

$

49,903

$

25,078

 

Weighted average number of shares outstanding

228,578,995

223,994,635

 

Basic earnings per share

$

0.00

$

0.00

The following table sets for the computation of diluted earnings per share:

For the Three Months ended

December 31, 2021

For the Three Months ended

December 31, 2020

Net income attributable to common stockholders for the period

$

49,903

$

25,078

Add: Preferred stock dividends

10,344

10,346

 

Adjusted net income

$

60,247

$

35,424

 

Weighted average number of shares outstanding

228,578,995

223,994,635

Add: Shares issued upon conversion of preferred stock

371,361,635

376,820,995

Weighted average number of common and common equivalent shares

599,940,630

600,815,630

 

Diluted earnings per share

$

0.00

$

0.00