NSU RESOURCES INC. Just Filed Its Annual Report: Net loss per share i...

Net loss per share is calculated in accordance with FASB ASC topic 260. Basic earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of common stock outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of common stock outstanding for the period, assuming conversion or exercise of all potentially dilutive securities outstanding during each reporting period presented. Potentially dilutive securities are not presented or used in the computation of diluted loss per share on the statement of oper ations for periods when the Company incurs net losses, as their effect would be anti-dilutive.

  

As of December 31, 2020 and 2019, the Company had 0 shares of Series A Preferred Stock issued and outstanding. As of December 31, 2020 and 2019, the Company had 64,000 shares of Series B Convertible Preferred Stock issued and outstanding that converts into 12,800 shares of the Company’s Common Stock. As of December 31, 2020 and 2019, the Company expects to issue 1,500,000 and 500,000 shares of its Common Stock, respectively, in connection with its acquisitions (See Note 2).

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

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