Net Loss per Share
 12 Months Ended
Dec. 31, 2019
Net Loss per Share  
Note 10 - Net Loss per Share

Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the reporting period. Diluted net loss per share is computed similarly to basic loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised.

  

The following table presents a reconciliation of the denominators used in the computation of net loss per share – basic and diluted:

 

 

Year ended December 31,

 

2019

 

2018

 

Net loss available for stockholders

 

$

(3,241,312

)

 

$

(4,618,388

)

Weighted average outstanding shares of common stock

 

238,714,877

 

191,539,568

 

Dilutive effect of stock options and warrants

 

--

 

--

 

Common stock and equivalents

 

238,714,877

 

191,539,568

 

Net loss per share – Basic and diluted

 

$

(0.01

)

 

$

(0.02

)

 

Outstanding stock options and common stock warrants are considered anti-dilutive because the Company is in a net loss position. The following summarizes equity instruments that may, in the future, have a dilutive effect on earnings per share:

 

 

            December 31,

 

2019

 

2018

 

Stock options

 

4,000,000

 

4,000,000

 

Common stock warrants

 

74,830,224

 

80,641,440

 

Common stock issuable

 

494,697

 

1,144,697

 

Convertible notes

 

170,228,752

 

24,369,057

 

Convertible preferred stock

 

2,877,270

 

3,727,270

 

Convertible preferred stock issuable

 

--

 

--

 

Total

 

252,430,843

 

113,882,464

 

Total exercisable at December 31

 

175,538,408

 

112,737,767