Net income (loss) per common share
is calculated in accordance with ASC Topic 260: Earnings per Share (“ASC 260”). Basic income (loss) per share is computed
by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. In periods where
the Company has a net loss, the computation of diluted net loss per share does not includ e dilutive common stock equivalents in the weighted
average shares outstanding as their effect would be anti-dilutive.
The following are dilutive common stock equivalents
during the years ended:
|December 31, 2021||December 31, 2020|
|Convertible preferred stock||79,852,572||(1)||79,852,572||(1)|
|Convertible notes payable||500,000||(2)||700,000||(2)|
As of December 31, 2021, 39,926,286 shares of our
700,000 shares of our common stock are issuable upon
An additional 2,750,000 shares of our common stock
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Duke Mountain Resources, Inc makes a similar move, sign up!