Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of basic and diluted weighted average shares outstanding
    For the Three Months Ended
September 30,
    For the Nine Months Ended
September 30,
 
    2021     2020     2021     2020  
Numerator:                        
Net income (loss)   $ 18,296,856     $ (829,418 )   $ (21,360,865 )   $ (2,943,294 )
Less: decrease in fair value of dilutive warrants     10,487,783      
-
     
-
     
-
 
Income (loss) available to common stockholders - diluted   $ 7,809,073     $ (829,418 )   $ (21,360,865 )   $ (2,943,294 )
                                 
Weighted average shares outstanding (denominator for basic earnings per share)     32,727,965       16,850,379       30,491,082       16,847,069  
                                 
Effects of dilutive securities:                                
Assumed exercise of stock options, treasury stock method     182,727      
-
     
-
     
-
 
Assumed exercise of warrants, treasury stock method     798,892      
-
     
-
     
-
 
Dilutive potential common shares     981,619      
-
     
-
     
-
 
                                 
Weighted average shares and assumed potential common shares (denominator for diluted earnings per share, treasury method)     33,709,584       16,850,379       30,491,082       16,847,069  
                                 
Basic earnings per share   $ 0.56     $ (0.05 )   $ (0.70 )   $ (0.17 )
Diluted earnings per share   $ 0.23     $ (0.05 )   $ (0.70 )   $ (0.17 )

 

Schedule of anti-dilutive
    For the Three Months Ended     For the Nine Months Ended  
    2021     2020     2021     2020  
Options     436,000      
-
      2,066,000      
-
 
Warrants     8,526,250      
-
      11,153,908      
-
 
Convertible debt(a)    
-
      586,833      
-
      586,833  
Total potentially dilutive shares     8,962,250       586,833       13,219,908       586,833