| NOTE 4. |
Earnings Per Share
|
The Company calculates earnings per share in accordance with FASB ASC 260, Earnings Per Share, which requires a dual
presentation of basic and diluted earnings per share. Basic earnings per share are computed using the weighted average number of shares outstanding during the fiscal year. Potentially dilutive common shares consist of stock options outstanding
(using the treasury method).
The following table sets forth the computation of basic and diluted net income per common share:
| |
|
Years
Ended December 31,
|
|
|
Periods Ended
|
|
2022
|
|
|
2021
|
|
| |
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
(27,625
|
)
|
|
$
|
2,163,876
|
|
|
Net income (loss) from continuing operations
|
|
|
-
|
|
|
|
-
|
|
|
Net income (loss) from discontinued operations
|
|
|
(27,625
|
)
|
|
|
2,163,876
|
|
| |
|
|
|
|
|
|
|
|
|
Weighted-average shares of common stock outstanding:
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
19,724,220
|
|
|
|
35,030,339
|
|
|
Dilutive effect of common stock equivalents arising from share option, excluding antidilutive
effect from loss
|
|
|
-
|
|
|
|
-
|
|
|
Dilutive shares
|
|
|
19,724,220
|
|
|
|
35,030,339
|
|
| |
|
|
|
|
|
|
|
|
|
Net income (loss) from continuing operations:
|
|
|
|
|
|
|
|
|
|
Earnings per share - Basic
|
|
|
|
|
|
|
|
|
|
Net income (loss) before non-controlling interest
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
Non-controlling interest
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
Earnings per share to stockholders
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
| |
|
|
|
|
|
|
|
|
|
Earnings per share - Diluted
|
|
|
|
|
|
|
|
|
|
Net income (loss) before non-controlling interest
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
Non-controlling interest
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
|
Earnings per share to stockholders
|
|
$
|
0.00
|
|
|
$
|
0.00
|
|
| |
|
|
|
|
|
|
|
|
|
Net income (loss) from discontinued operations:
|
|
|
|
|
|
|
|
|
|
Earnings per share - Basic
|
|
|
|
|
|
|
|
|
|
Net income (loss) before non-controlling interest
|
|
$
|
(0.01
|
)
|
|
$
|
0.06
|
|
|
Non-controlling interest
|
|
$
|
(0.01
|
)
|
|
$
|
0.00
|
|
|
Earnings per share to stockholders
|
|
$
|
0.00
|
|
|
$
|
0.06
|
|
| |
|
|
|
|
|
|
|
|
|
Earnings per share - Diluted
|
|
|
|
|
|
|
|
|
|
Net income (loss) before non-controlling interest
|
|
$ |
(0.01 |
) |
|
$ |
0.06 |
|
|
Non-controlling interest
|
|
$ |
(0.01 |
) |
|
$ |
0.00 |
|
|
Earnings per share to stockholders
|
|
$ |
0.00 |
|
|
$ |
0.06 |
|
No non-vested share awards or non-vested share
unit awards were dilutive for the years ended December 31, 2022 and 2021.
|