Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2017
Income Loss Per Share  
Income (Loss) Per Share

17. INCOME (LOSS) PER SHARE

 

Net income (loss) per share is provided in accordance with FASB ASC 260-10, “Earnings per Share”. Basic net income (loss) per common share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average shares outstanding, assuming all dilutive potential common shares were issued, unless doing so is anti-dilutive.

 

The following shares are not included in the computation of diluted income (loss) per share, because their inclusion would be anti-dilutive:

 

    Years Ended December 31,  
    2017     2016  
Preferred shares     -          
Convertible notes     54,285       202,789  
Warrants     5,607,176       160,000  
Options     -       -  
Total anti-dilutive weighted average shares     5,661,461       362,789  

  

If all dilutive securities had been exercised at December 31, 2017 the total number of common shares outstanding would be as follows:

 

    December 31, 2017     December 31, 2016  
Common Shares     26,223,834       19,575,605  
Preferred Shares     -       -  
Convertible notes     81,539       194,008  
Warrants     5,607,176       160,000  
Options     -       -  
Total potential shares     31,912,549       19,929,613