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1. Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Basic and diluted earnings per share

The following table sets forth the calculation of basic and diluted loss per share for the year ended December 31, 2017:

 

   

 Income

(Numerator)

   

 Shares

(Denominator)

   

 Per Share

Amount

 

Loss per share – basic

Net loss

  $ (3,384,927 )     20,783,032     $ (.16 )

Effect of dilutive securities

Options

    -       222,624          
Convertible notes     345,208       4,698,630          

Diluted loss per share (1)

Net loss

  $ (3,039,719 )     25,704,286     $ (.16 )

 

(1) Net loss per share is shown the same as basic loss per share because the underlying dilutive securities have an anti-dilutive effect.

 

The following table sets forth the calculation of basic and diluted loss per share for the year ended December 31, 2018:

 

   

 Income

(Numerator)

   

 Shares

(Denominator)

   

 Per Share

 Amount

 

Net loss per share – basic

Net loss

  $ (3,062,209 )     21,249,607     $ (.14 )

Effect of dilutive securities

Options

    -       511,260          
Convertible notes     213,125       4,333,425          

Diluted net income per share

Net loss (1)

  $ (2,849,084 )     26,094,292     $ (.14 )

 

(1) Net loss per share is shown the same as basic loss per share because the underlying dilutive securities have an anti-dilutive effect.

    

The following table sets forth the calculation of basic and diluted loss per share for the year ended December 31, 2019:

 

   

 Income

 (Numerator)

   

 Shares

(Denominator)

   

 Per Share

Amount

 

Net loss per share – basic

Net loss

  $ (378,605 )     22,052,859     $ (.02 ) 

Effect of dilutive securities

Options

    -       12,836          
Convertible notes             62,500       1,250,000  
Diluted net loss per share                        
Net loss   $ (316,105 )     23,315,695     $ (.02 ) 

 

(1) Net loss per share is shown the same as basic loss per share because the underlying dilutive securities have an anti-dilutive effect.