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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RELATED MATTERS (Tables)
3 Months Ended
Mar. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RELATED MATTERS  
Schedule of fair value measurement of assets and liabilities

 

 

Total fair value at March 31, 2023

 

 

Quoted prices in active markets for identical assets (Level1)

 

 

Significant other observable inputs (Level 2)

 

 

Significant unobservable inputs (Level 3)

 

Investment in equity securities

 

$576,000

 

 

$576,000

 

 

$-

 

 

$-

 

 

 

Total fair value at December 31, 2022

 

 

Quoted prices in active markets for identical assets (Level1)

 

 

Significant other observable inputs (Level 2)

 

 

Significant unobservable inputs (Level 3)

 

Investment in equity securities

 

$839,000

 

 

$839,000

 

 

$-

 

 

$-

 

Schedule of basic and diluted earnings (loss) per share

 

 

Three Months Ended

 

 

 

March 31,

2023

 

 

March 31,

2022

 

Numerator:

 

 

 

 

 

 

Net loss

 

$(420,000)

 

$(647,000)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average basic shares outstanding

 

 

559,281,064

 

 

 

559,281,064

 

Effect of dilutive securities

 

 

-

 

 

 

-

 

Weighted-average diluted shares

 

 

559,281,064

 

 

 

559,281,064

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$(0.00)

 

$(0.00)

Diluted earnings (loss) per share

 

$(0.00)

 

$(0.00)