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Net (Loss) Income Per Share of Common Stock (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Schedule of basic and diluted net loss per share

 

 

 

For the Year Ended December 31, 2020

 

 

 

Loss

(Numerator)

 

 

Shares

(Denominator)

 

 

Per-Share

Amount

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$ (6,560,699 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

Loss available to common stockholders

 

 

(6,560,699 )

 

 

230,746,878

 

 

$ (0.03 )

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of Dilutive Securities

 

 

 

 

 

 

 

 

 

 

 

 

Warrants – liability classified

 

 

(345,473

)

 

 

674,095

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Loss available to common stockholders + assumed conversions

 

$ (6,906,172 )

 

 

231,420,973

 

 

$ (0.03 )

 

 

 

 

For the Year Ended December 31, 2019

 

 

 

Income

(Numerator)

 

 

Shares

(Denominator)

 

 

Per-Share

Amount

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$ 1,051,825

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

Income available to common stockholders

 

 

1,051,825

 

 

 

135,154,931

 

 

$ 0.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of Dilutive Securities

 

 

 

 

 

 

 

 

 

 

 

 

Unvested restricted stock

 

 

 

 

 

 

858,856

 

 

 

 

 

Options

 

 

 

 

 

 

392,784

 

 

 

 

 

Warrants

 

 

 

 

 

 

447,431

 

 

 

 

 

Warrants – liability classified

 

 

(9,250,612

)

 

 

32,706,263

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Loss available to common stockholders + assumed conversions

 

$ (8,198,787 )

 

 

169,560,265

 

 

$ (0.05 )
Schedule of anti-dilutive securities

 

 

Year Ended

December 31,

 

 

 

2020

 

 

2019

 

Stock options

 

 

22,050,000

 

 

 

4,119,931

 

Unvested restricted stock

 

 

 

 

 

234,645

 

Common shares underlying convertible debt

 

 

5,126,343

 

 

 

5,036,250

 

Warrants

 

 

145,039,240

 

 

 

20,712,000