BINGHAM CANYON CORP Just Filed Its Quarterly Report: Basic and Diluted Lo...

Basic and Diluted Loss Per Share



 



Basic income (loss) per share is computed by dividing
net income (loss) by the weighted-average number of common shares outstanding during the period.  Diluted income (loss) per share
is computed by dividing net income (loss ) by the weighted-average number of common shares outstanding for the period and, if dilutive,
potential common shares outstanding during the period. Potentially dilutive securities consist of the incremental common shares issuable
upon exercise of common stock equivalents such as options, warrants, convertible notes payable, preferred series A stock and preferred
series C stock. Potentially dilutive securities are excluded from the computation if their effect is anti-dilutive. As a result, for the
three months and six months ended June 30, 2021, there were outstanding common share equivalents which amounted to 24,637,488 and 25,411,224
shares of common stock, respectively, that were not included in the calculation as their effect is anti-dilutive. For fiscal periods with
net losses, these common share equivalents were not included in the computation of diluted loss per share as their effect would have been
anti-dilutive
.



 






















































































































   Three months ended June 30, 2021
$
  Three months ended June 30, 2020
$
  Six months
ended June 30, 2021
$
  Six months
ended June 30, 2020
$
Numerator:                    
Net income (loss)   4,071,787    7,019,083    3,353,759    (3,532,565)
(Gain) loss on change in fair value of derivative liability   (1,615,133)   4,463,852    (1,376,157)   -   
Gain on settlement of debt   (2,932,588)   (13,794,438)   (3,248,989)   -   
Amortization of debt discount   -      176,381    -      -   
Interest expense   8,358    52,146    21,866    -   
Adjusted net income (loss)   (467,576   (2,082,976)   (1,249,581   (3,532,565)
                     
Denominator: Weighted average shares outstanding used in computing net income (loss) per share                    
Basic   761,250,542    569,964,666    756,501,281    557,809,456 
                     
Effect of dilutive warrants   162,292,350    81,681,300    105,465,610    -   
Effect of convertible note weighted shares   58,654,505    122,817,458    158,459,863    -   
Diluted   982,197,398    774,463,424    1,020,426,754    557,809,456 
                     
Net income (loss) per share applicable to common shareholders:                    
Basic   0.01    0.01    0.00    (0.01)
Diluted   (0.00   (0.00)   (0.00   (0.01)


 



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

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