Appiphany Technologies Holdings Corp. Just Filed Its Quarterly Report: (c)Basic and Diluted...

(c)Basic and Diluted Net Loss per Share  

The Company computes net loss per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.  As of January 31, 2020, the Company had 2,120,644,619 (January 31, 2019 – 840,322,050) potentially dilutive common shares outstanding.  The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net income (loss) per share (the three-month periods are not included in the table below because the diluted net income (loss) per share are the same as the basic net income (loss) per share).  

 

 

January 31, 2020

January 31, 2019

Net Income (Loss)

(1,023,870)

122,517

Add back: interest expense, convertible notes

41,133

Less: gain on change in fair value of derivative liability

(330,888)

Adjusted net income (loss) for dilutive EPS

(1,023,870)

(167,238)

Weighted average number of common shares - Basic

1,421,618

1,000,029

EPS – Basic

(0.72)

0.12

Effect of dilutive securities, convertible notes and preferred series A and B shares

840,322,050

Weighted average number of common shares – Dilutive

1,421,618

841,322,050

EPS - Dilutive

(0.72)

(0.00)

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

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