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Significant Accounting Policies: Basic and Diluted Net Income (loss) Per Share Policy (Policies)
3 Months Ended
Mar. 31, 2020
Policies  
Basic and Diluted Net Income (loss) Per Share Policy

Basic and Diluted Net Income (Loss) per Share

 

The Company computes income (loss) per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted income (loss) per share on the face of the statement of operations. Basic income (loss) per share is computed by dividing net income available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive income (loss) per share excludes all potential common shares if their effect is anti-dilutive.

 

For the three month period ended March 31, 2020 and 2019, basic (loss) and diluted (loss) per share were the same. The 4,575,000 warrants outstanding at March 31, 2020 are anti-dilutive as the trading price of the Company’s common stock was below the exercise price of the warrants.