Leader Capital Holdings Corp. Just Filed Its Quarterly Report: Net Loss Per Share  ...

Net Loss Per Share

 

The Company calculates net loss per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if the potent ial common stock equivalents had been issued and if the additional shares of common stock were dilutive. The following table presents a reconciliation of basic and diluted net loss per share:

 

   

For the three months ended

November 30,

 
    2020     2019  
             
Net loss   $ (3,657,060 )   $ (1,249,630 )
Weighted average number of shares of common stock outstanding - Basic and diluted*     136,921,376       113,684,073  
Net loss per share - Basic and diluted   $ (0.03 )   $ (0.01 )

 

* Including 11,243,986 shares that were granted and vested but not yet issued and 870,000 shares to be issued to investors for the three months ended November 30, 2020 (note 13); and including 8,500,000 shares that were granted and vested but not yet issued for the three months ended November 30, 2019.

 

As of November 30, 2020 and August 31, 2020, the Company’s convertible notes payable were excluded from the diluted loss per share calculation as they were anti-dilutive.

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

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