Quarterly report pursuant to Section 13 or 15(d)

Nature of Organization and Summary of Significant Accounting Policies (Tables)

v3.21.2
Nature of Organization and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Shares Excluded from the Computations of Diluted Loss Per Share

Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted during the period. FASB ASC 260, Earnings per Share, requires a dual presentation of basic and diluted earnings per share. Any instruments that would have an anti-dilutive effect have been excluded from the computation of earnings per share. The number of such shares excluded from the computations of diluted loss per share are as follows:

Schedule of Shares Excluded from the Computations of Diluted Loss Per Share

                         
   

Three months ended

September 30,

   

Nine months ended

September 30,

 
Description  

2021

   

2020

   

2021

   

2020

 
Stock options under treasury stock method     95,019       68,290       93,849       55,982  
Acquisition and bonus shares issuable     -       187,500       -       187,500