| Loss Per Share |
Note
11. Loss Per Share
Basic
loss per share is computed by dividing the net loss after tax attributable to common stockholders by the weighted average shares outstanding
during the period. Diluted loss per share is computed by including potentially dilutive securities outstanding during the period in the
calculation of weighted average shares outstanding. The Company did not have any dilutive securities during the periods presented; therefore,
diluted loss per share is equal to basic loss per share.
Presented
in the table below is a reconciliation of the numerator and denominator for the basic and diluted loss per share calculations for the
three and six months ended June 30, 2021 and 2020:
Schedule
of Reconciliation of Numerator and Denominator for Basic and Diluted Loss Per Share
| |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| |
|
For the
three months ended
June 30,
|
|
|
For the
six months ended
June 30,
|
|
| |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| Net Loss |
|
$ |
(4,186 |
) |
|
$ |
(1,333 |
) |
|
$ |
(11,552 |
) |
|
$ |
(3,306 |
) |
|
Basic
and diluted weighted average shares outstanding
|
|
|
28,985,924 |
|
|
|
2,468,040 |
|
|
|
16,156,291
|
|
|
|
2,464,251
|
|
| Net loss per shares attributable to common stockholder, basic and diluted |
|
$ |
(0.14
|
) |
|
$ |
(0.54
|
) |
|
$ |
(0.72 |
) |
|
$ |
(1.34 |
) |
The
following securities were not included in the computation of diluted shares outstanding for the three and six months ended June 30, 2021
and 2020 because the effect would be anti-dilutive:
Schedule
of Computation of Diluted Shares Outstanding
| |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| |
|
For the
three months ended
June 30,
|
|
|
For the
six months ended
June 30,
|
|
| |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| Series A Preferred Stock |
|
|
- |
|
|
|
4,611,587
|
|
|
|
- |
|
|
|
4,611,587
|
|
| Series B Preferred Stock |
|
|
- |
|
|
|
3,508,580
|
|
|
|
- |
|
|
|
3,508,580
|
|
| Series A Warrants |
|
|
- |
|
|
|
48,714
|
|
|
|
- |
|
|
|
48,714 |
|
| Series B Warrants |
|
|
- |
|
|
|
9,943 |
|
|
|
- |
|
|
|
9,943 |
|
| Common Stock Warrants |
|
|
2,301,576
|
|
|
|
- |
|
|
|
2,301,576
|
|
|
|
- |
|
| Stock Options |
|
|
2,176,036
|
|
|
|
876,681
|
|
|
|
2,176,036
|
|
|
|
876,681
|
|
| 2020 Convertible Notes |
|
|
- |
|
|
|
313,000 |
|
|
|
- |
|
|
|
313,000 |
|
| Total |
|
|
4,477,612
|
|
|
|
9,368,505
|
|
|
|
4,477,612
|
|
|
|
9,368,505
|
|
|