Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.23.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
SCHEDULE OF ANTI DILUTIVE SECURITIES

The following potentially dilutive securities were excluded from the calculation of diluted net loss per share because the effects were anti-dilutive based on the application of the treasury stock method and because the Company incurred net losses during the period:

 

    2023     2022  
    For the Three Months Ended March 31,  
    2023     2022  
Convertible notes payable     18,194,940       5,929,940  
Warrants to purchase shares of common stock     12,578,478       8,432,558  
Total potentially dilutive shares     30,773,418       14,362,498  
SCHEDULE OF COMPUTATION OF BASIC AND DILUTED NET INCOME PER SHARE

The following table sets forth the computation of basic and diluted net income per share:

 

    2023     2022  
    Three Months Ended March 31,  
    2023     2022  
             
Net loss attributable to the common stockholders   $ (1,341,036 )   $ (678,046 )
                 
Basic weighted average outstanding shares of common stock     38,465,636       37,295,813  
Dilutive effect of options and warrants     -       -  
Diluted weighted average common stock and common stock equivalents     38,465,636       37,295,813  
                 
Loss per share:                
Basic and diluted   $ (0.03 )   $ (0.02 )