Quarterly report pursuant to Section 13 or 15(d)

NOTE 4: SIGNIFICANT ACCOUNTING POLICIES: Net Loss per Common Share (Policies)

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NOTE 4: SIGNIFICANT ACCOUNTING POLICIES: Net Loss per Common Share (Policies)
6 Months Ended
Jun. 30, 2019
Policies  
Net Loss per Common Share

Net Loss per Common Share

 

Net loss per common share is computed pursuant to section 260-10-45 Earnings Per Share (“ASC 260-10”) of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding and the member potentially outstanding during each period. In periods when a net loss is experienced, only basic net loss per share is calculated because to do otherwise would be anti-dilutive.

 

There were 16,047,678 common share equivalents at June 30, 2019 and 15,843,037 common shares at December 31, 2018. For the six months ended June 30, 2019 and 2018 these potential shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would reduce net loss per share.