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LOSS PER SHARE
3 Months Ended
Sep. 30, 2021
LOSS PER SHARE  
NOTE 13 - LOSS PER SHARE NOTE 13 – LOSS PER SHARE

 

The Company has adopted ASC Topic No. 260, “Earnings Per Share,” (“EPS”) which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures, and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.

 

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

Three Months Ended

September 30,

 

 

 

2021

 

 

2020

 

 

 

(Unaudited)

 

 

(Unaudited)

 

Net income(loss) applicable to common shares

 

$(818,293)

 

$(60,982)

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (Basic)

 

 

810,742,109

 

 

 

116,038,909

 

Options

 

 

-

 

 

 

-

 

Warrants

 

 

-

 

 

 

-

 

Weighted average common shares outstanding (Diluted)

 

 

810,742,109

 

 

 

116,038,909

 

 

 

 

 

 

 

 

 

 

Net income(loss) per share (Basic and Diluted)

 

$(0.00)

 

$(0.00)

 

*Less than $0.01 per share

 

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.