Inspired Builders, Inc. Just Filed Its Quarterly Report: Earnings (Loss) per ...

Earnings
(Loss) per Share

 

In
accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,” basic earnings (loss) per share
is computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during e ach period. Diluted
earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common
stock equivalents and potentially dilutive securities outstanding during the period. As of June 30, 2021 and 2020, the Company had 4,500,000
shares and 0 share of common stock issuable upon conversion of convertible notes which are excluded from loss per share calculation as
their effect are anti-dilutive.

 

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:

Inspired Builders: Gkin) Announces Opening Of The Tepa Gold Mine - July 14, 2022

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