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
|
|