XML 33 R23.htm IDEA: XBRL DOCUMENT v3.23.2
Earning (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

The earnings (loss) per share accounting guidance is discussed in Note 1. The following table sets forth the computation of the Company’s basic and diluted net earnings (loss) per share available to common stockholders (unaudited) for the three and six months ended June 30, 2023 and 2022:

   2023   2022   2023   2022 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2023   2022   2023   2022 
Numerator                
Net income (loss) from continuing operations  $1,285,930   $(499,841)  $2,091,490   $(2,765,973)
Deemed dividends   -    (194,951,624)   -    (330,876,369)
Net income (loss) available to common stockholders, continuing operations   1,285,930    (195,451,465)   2,091,490    (333,642,342)
Net loss from discontinued operations   (8,097)   (3,945)   (8,097)   (5,379)
Net income (loss) available to common stockholders  $1,277,833   $(195,455,410)  $2,083,393   $(333,647,721)
                     
Denominator                    
Weighted average number of shares of common stock outstanding during the period - basic   29,934,322,257    1,702,149,425    29,845,095,738    858,169,865 
  Warrants   -    -    6,335,103,465    - 
  Preferred stock   452,145,411,111    -    452,234,637,630    - 
Weighted average number of shares of common stock outstanding during the period - diluted   482,079,733,368    1,702,149,425    488,414,836,833    858,169,865 
                     
Net earnings (loss) available to common stockholders per share - basic:                    
Continuing operations  $0.00   $(0.11)  $0.00   $(0.39)
Discontinued operations   (0.00)   (0.00)   (0.00)   (0.00)
Total basic   $0.00   $(0.11)  $0.00   $(0.39)
Net earnings (loss) available to common stockholders per share - diluted:                    
Continuing operations  $0.00   $(0.11)  $0.00   $(0.39)
Discontinued operations   (0.00)   (0.00)   (0.00)   (0.00)
Total diluted  $0.00   $(0.11)  $0.00   $(0.39)

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

Diluted earnings (loss) per share excludes all dilutive potential shares if their effect is anti-dilutive.

 

For the three months ended June 30, 2023 and 2022, the following potential common stock equivalents were excluded from the calculation of diluted earnings (loss) per share as their effect was anti-dilutive:

 

   2023   2022 
   Three Months Ended June 30, 
   2023   2022 
Common stock warrants   511,333,351,089    511,333,351,097 
Convertible preferred stock   -    477,576,633,334 
Convertible debentures   28,777,833,333    28,777,833,333 
Stock options   26    26 
Anti-dilutive shares   540,111,184,448    1,017,687,817,790 

 

For the six months ended June 30, 2023 and 2022, the following potential common stock equivalents were excluded from the calculation of diluted earnings (loss) per share as their effect was anti-dilutive:

 

   2023   2022 
   Six Months Ended June 30, 
   2023   2022 
Common stock warrants   504,998,247,624    511,333,351,097 
Convertible preferred stock   -    477,576,633,334 
Convertible debentures   28,777,833,333    28,777,833,333 
Stock options   26    26 
Anti-dilutive shares   533,776,080,983    1,017,687,817,790