SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RELATED MATTERS (Tables)

6 Months Ended

Jun. 30, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RELATED MATTERS

Schedule of fair value measurement of assets and liabilities

	Total fair value at June 30, 2020		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Investment in equity securities	$	1,070,000	$	1,070,000	$	-	$	-
	Total fair value at December 31, 2019		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Investment in equity securities	$	1,045,000	$	1,045,000	$	-	$	-

Schedule of basic and diluted earnings (loss) per share

	Three Months Ended					Six Months Ended
	June 30, 2020		June 30, 2019			June 30, 2020			June 30, 2019
Numerator:
Net income	$	528,000	$	(908,000	)	$	(204,000	)	$	(1,344,000	)
Denominator:
Weighted-average basic shares outstanding		557,781,064		547,759,086			557,781,064			540,808,688
Effect of dilutive securities		1,422,937		-			-			-
Weighted-average diluted shares		579,204,001		547,759,086			557,781,064			540,808,688
Basic earnings (loss) per share	$	0.00	$	(0.00	)	$	(0.00	)	$	(0.00	)
Diluted earnings (loss) per share	$	0.00	$	(0.00	)	$	(0.00	)	$	(0.00	)