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Loss per Share
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Loss per Share

13. Loss per Share

 

For the three and six months ended June 30, 2021, loss per Share is $(0.08) and $(0.27) (basic and diluted), compared to the three and six months ended June 30, 2020, of $(0.08) and $(0.15) (basic and diluted). Using the weighted average number of shares of 9,827,576 and 7,505,625 (basic and diluted) for the three and six months ended June 30, 2021 and 2,466,875 and 2,360,511 (basic and diluted) for the three and six months ended June 30, 2020.

 

There are 299,000,000 shares authorized, 11,148,292 and 2,636,496 shares issued and outstanding, as at June 30, 2021 and 2020 respectively. As of June 30, 2021, the Company has 619,395 shares to be issued. The computation of loss per share is based on the weighted average number of shares outstanding during the period in accordance with ASC Topic No. 260, “Earnings Per Share”. Shares underlying the Company’s outstanding warrants and convertible promissory notes were excluded due to the anti-dilutive effect they would have on the computation. As at June 30, 2021 the Company has 2,961,580 warrants convertible to 5,002,570 common shares for a total underlying common shares of 5,002,570. At June 30, 2020 the Company has 45,000 warrants convertible to 45,000 common shares and convertible promissory note convertible to 110,397 common shares for a total underlying common shares of 155,397.