| Schedule of Basic and Diluted Net Income (Loss) Per Common Share |
The
following table presents a reconciliation of basic and diluted net income (loss) per common share:
| |
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| Net (loss) income per common share - basic: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net (loss) income attributable to common shareholders |
|
$ |
(263,925 |
) |
|
$ |
3,779,295 |
|
|
$ |
(595,432 |
) |
|
$ |
3,059,243 |
|
| Weighted average common shares outstanding – basic |
|
|
543,165,027 |
|
|
|
493,056,689 |
|
|
|
539,431,386 |
|
|
|
458,283,435 |
|
| Net (loss) income per common share – basic |
|
$ |
(0.00 |
) |
|
$ |
0.01 |
|
|
$ |
(0.00 |
) |
|
$ |
0.01 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net (loss) income per common share - diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net (loss) income attributable to common shareholders - basic |
|
$ |
(263,925 |
) |
|
$ |
3,779,295 |
|
|
$ |
(595,432 |
) |
|
$ |
3,059,243 |
|
| Add: preferred stock dividends |
|
|
- |
|
|
|
13,618 |
|
|
|
- |
|
|
|
27,305 |
|
| Add: interest of convertible debt |
|
|
- |
|
|
|
52,618 |
|
|
|
- |
|
|
|
102,639 |
|
| Numerator for (loss) income per common share – diluted |
|
$ |
(263,925 |
) |
|
$ |
3,845,531 |
|
|
$ |
(595,432 |
) |
|
$ |
3,189,187 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding – basic |
|
|
543,165,027 |
|
|
|
493,056,689 |
|
|
|
539,431,386 |
|
|
|
458,283,435 |
|
| Add: dilutive shares related to: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible debt |
|
|
- |
|
|
|
1,145,833,333 |
|
|
|
- |
|
|
|
1,145,833,333 |
|
| Series B preferred |
|
|
- |
|
|
|
324,240,164 |
|
|
|
- |
|
|
|
324,240,164 |
|
| Series C preferred |
|
|
- |
|
|
|
386,250,000 |
|
|
|
- |
|
|
|
386,250,000 |
|
| Weighted average common shares outstanding – diluted |
|
|
543,165,027 |
|
|
|
2,349,380,186 |
|
|
|
539,431,386 |
|
|
|
2,314,606,932 |
|
| Net (loss) income per common share – diluted |
|
$ |
(0.00 |
) |
|
$ |
0.00 |
|
|
$ |
(0.00 |
) |
|
$ |
0.00 |
|
|
| Schedule of Common Share Equivalents and Potentially Dilutive Securities |
As of June 30, 2024 and 2023, common share equivalents and potentially dilutive
securities consisted of the following:
| |
|
June 30, |
|
| |
|
2024 |
|
|
2023 |
|
| Stock options |
|
|
7,345,698 |
|
|
|
8,445,698 |
|
| Warrants |
|
|
33,400,000 |
|
|
|
34,000,000 |
|
| Series B preferred stock |
|
|
357,819,360 |
|
|
|
324,240,164 |
|
| Series C preferred stock |
|
|
450,258,000 |
|
|
|
386,250,000 |
|
| Convertible debt |
|
|
1,220,101,111 |
|
|
|
1,145,833,333 |
|
| |
|
|
2,068,924,169 |
|
|
|
1,898,769,195 |
|
|