Annual report pursuant to Section 13 and 15(d)

Note 2 - Summary of significant accounting policies: Basic and diluted income (loss) per common share (Policies)

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Note 2 - Summary of significant accounting policies: Basic and diluted income (loss) per common share (Policies)
12 Months Ended
Dec. 31, 2018
Policies  
Basic and diluted income (loss) per common share

Basic and diluted income (loss) per common share

 

We compute net loss per share in accordance with ASC 260, “Earnings Per Share”. Under the provisions of ASC 260, basic net loss per share includes no dilution and is computed by dividing the net loss available to common stockholders for the period by the weighted average number of shares of Common Stock outstanding during the period. Diluted net loss per share takes into consideration shares of Common Stock outstanding (computed under basic net loss per share) and potentially dilutive securities that are not anti-dilutive.

 

Outstanding warrants that had no effect on the computation of dilutive weighted average number of shares outstanding as their effect would be anti-dilutive were approximately 7,000,000 and 7,400,000 as of December 31, 2018 and 2017, respectively. There were 4,500 and 0 potentially dilutive shares outstanding at December 31, 2018 and 2017, respectively.

 

Assumed conversion of Series Q Preferred Stock into Common Stock would be anti-dilutive as of December 31, 2018 and is not included in calculating the diluted weighted average number of shares outstanding. There was no Series Q Preferred Stock issued at December 31, 2017.