Quarterly report pursuant to Section 13 or 15(d)

NET (LOSS) INCOME PER COMMON SHARE (Tables)

v3.20.2
NET (LOSS) INCOME PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
For the three and six months ended June 30, 2020 and 2019, the average market prices for the periods ended are less than the exercise price of all the outstanding stock options and warrants, therefore, the inclusion of the stock options and warrants would be anti-dilutive. In addition, since the effect of common stock equivalents is anti-dilutive with respect to losses, the convertible promissory notes have also been excluded from the Company’s computation of loss per common share for continuing operations for the six months ended June 30, 2020 and three and six months ended June 30, 2019. Therefore, basic and diluted income (loss) per common share for continuing operations for the six months ended June 30, 2020 and three and six months ended June 30, 2019 are the same. For the three months ended June 30, 2020 convertible promissory notes have been included in the Company’s computation of income per common share for continuing operations.


   

Three Months

Ended

   

Three Months

Ended

 
   

June 30, 2020

   

June 30, 2019

 

Basic net income (loss) from continuing operations per share computation:

               

Net income (loss) from continuing operations

  $ 33,514     $ (300,802

)

Weighted-average common shares outstanding

    4,501,271       4,500,755  

Basic net income (loss) per share

  $ 0.01     $ (0.07

)

Diluted net income (loss) from continuing operations per share computation:

               

Net income (loss) per above

  $ 33,514     $ (300,802

)

Interest on Convertible debt

    4,514       -  

Net income (loss)

    38,028       (300,802

)

Weighted-average common shares outstanding

    4,501,271       4,500,755  

Incremental shares for convertible promissory notes

    212,799       -  

Total adjusted weighted-average shares

    4,714,070       4,500,755  

Diluted net income (loss) per share

  $ 0.01     $ (0.07

)

   

Six Months

Ended

   

Six Months

Ended

 
   

June 30, 2020

   

June 30, 2019

 

Basic net income (loss) from continuing operations per share computation:

               

Net loss from continuing operations

  $ (258,601

)

  $ (484,101

)

Weighted-average common shares outstanding

    4,501,271       4,500,755  

Basic net loss per share

  $ (0.06

)

  $ (0.11

)

Diluted net income (loss) from continuing operations per share computation:

               

Net income (loss) per above

  $ (258,601

)

  $ (484,101

)

Net income (loss)

    (258,601

)

    (484,101

)

Weighted-average common shares outstanding

    4,501,271       4,500,755  

Incremental shares for convertible promissory notes

    -       -  

Total adjusted weighted-average shares

    4,501,271       4,500,755  

Diluted net income (loss) per share

  $ (0.06

)

  $ (0.11

)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following table summarizes securities that, if exercised, would have an anti-dilutive effect on earnings (loss) per share.


   

Three Months

June 30, 2020

   

Three Months

June 30, 2019

 

Stock options

    22,280       46,947  

Warrants

    4,988       208,241  

Convertible promissory notes

    -       280,943  
                 

Total potential dilutive securities not included in loss per share

   

27,268

      536,131  
   

Six Months

June 30, 2020

   

Six Months

June 30, 2019

 

Stock options

    22,280       41,613  

Warrants

    4,988       208,241  

Convertible promissory notes

    212,799       280,943  
                 

Total potential dilutive securities not included in loss per share

    240,067       530,797