Inspired Builders, Inc. Just Filed Its Quarterly Report: In accordance with a...

In accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,” basic earnings (loss) per share is computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. As of March 31, 2022, the Company had $287,963 in convertible debt which if exercised would convert into 29,791,220 and as of September 30, 2021, and $45,000 in convertible debt which if exercised would convert into 4,500,000 s hares of common stock.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Inspired Builders: Gkin) Announces Opening Of The Tepa Gold Mine - July 14, 2022

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