use ASC 260, “Earnings Per Share” for calculating the basic and diluted e arnings (loss) per share. We compute basic
earnings (loss) per share by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted earnings
(loss) per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common
shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options
and warrants and stock awards. For periods with a net loss, basic and diluted loss per share are the same, in that any potential common
stock equivalents would have the effect of being anti-dilutive in the computation of net loss per share.
were common share equivalents at June 30, 2021 and common share equivalents at June 30, 2020. For the three months
ended June 30, 2021 and 2020, these potential shares were excluded from the shares used to calculate diluted. These securities were not
included in the computation of diluted net earnings per share as their effect would have been antidilutive.
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:
of Directors or Certain - Oct. 8, 2021
Other preliminary information statements - Oct. 5, 2021
Notice of Exempt Offering of Securities, item 06b - Sept. 23, 2021
Entry into a Material Definitive - Sept. 21, 2021