Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Schedule of Earning Per Share

    Three Months Ended March 31,  
    2020     2019  
Net loss computation of basic and diluted net loss per common share:                
Net income (loss)   $ (3,754,659 )   $ 500,213  
Less: Redemption of Series D Preferred Stock deemed dividend     (1,295,294 )     -  
Less: Common stock deemed dividend (inducement cost)     -       (2,137,190 )
Net loss attributable to common stockholders   $ (5,049,953 )   $ (1,636,977 )
                 
Basic and diluted net loss per share:                
Basic net loss per common share   $ (0.58 )   $ (1.40 )
Basic weighted average common shares outstanding     8,679,959       1,169,338  
                 
Diluted net loss per common share   $ (0.58 )   $ (2.50 )
Diluted weighted average common shares outstanding     8,679,959       1,671,900  

Schedule of Potential Dilutive Securities

Potentially dilutive securities that are not included in the calculation of diluted net loss per share because their effect is anti-dilutive are as follows (in common equivalent shares)

 

    Three Months Ended
March 31,		  
    2020     2019  
Preferred shares     356,300       -  
Warrants     1,274,102       1,136,026  
Series A & B Notes     533,105       -  
Options     112,500       112,500  
Total anti-dilutive weighted average shares     2,276,007       1,248,526