SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RELATED MATTERS (Tables)

9 Months Ended

Sep. 30, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RELATED MATTERS

Schedule of fair value measurement of assets and liabilities

	Total fair value at September 30, 2021		Quoted prices in active markets for identical assets (Level1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Investment in equity securities	$	2,806,000	$	2,806,000	$	-	$	-
	Total fair value at December 31, 2020		Quoted prices in active markets for identical assets (Level1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Investment in equity securities	$	5,875,000	$	5,875,000	$	-	$	-

Schedule of basic and diluted earnings (loss) per share

	Three Months Ended
	September 30, 2021			September 30, 2020
Numerator:
Net income (loss)	$	(1,156,000	)	$	1,761,000
Denominator:
Weighted-average basic shares outstanding		559,281,064			578,443,328
Effect of dilutive securities		-			18,012,917
Weighted-average diluted shares		559,281,064			596,456,245
Basic earnings (loss) per share	$	(0.00	)	$	0.00
Diluted earnings (loss) per share	$	(0.00	)	$	0.00

The following table shows the computation of basic and diluted earnings (loss) per share for the nine months ended September 30, 2021 and 2020:

	Nine Months Ended
	September 30, 2021			September 30, 2020
Numerator:
Net income (loss)	$	(3,605,000	)	$	1,557,000
Denominator:
Weighted-average basic shares outstanding		559,281,064			578,000,042
Effect of dilutive securities		-			18,022,917
Weighted-average diluted shares		559,281,064			596,022,959
Basic earnings (loss) per share	$	(0.01	)	$	0.00
Diluted earnings (loss) per share	$	(0.01	)	$	0.00