Quarterly report pursuant to Section 13 or 15(d)

NET INCOME (LOSS) PER SHARE (Tables)

v3.10.0.1
NET INCOME (LOSS) PER SHARE (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income

Basic and diluted net income per share, for the three months ended September 30, 2018, were calculated as follows:

 

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

Net income applicable to common stock

 

$

632,625

 

 

$

632,625

 

 

 

$

632,625

 

 

$

632,625

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

20,752,450

 

 

 

20,752,450

 

Preferred Stock

 

 

 

 

 

5,660,000

 

Warrants and options

 

 

 

 

 

 

 

 

 

20,752,450

 

 

 

26,412,450

 

 

 

 

 

 

 

 

 

 

Net income per share

 

$

0.03

 

 

$

0.02