Very badly needed because the company's IR guy sucks! We shall see what they say about the debt to equity ratio of being about 12 Billion as reported in the 10Q! Not my words, theirs! JMHO
Net Income (Loss) Per Share
Net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the specified period. Diluted earnings per common share is computed by dividing net income (loss) by the weighted average number of common shares and potential common shares during the specified period. For the three months ended March 31, 2017, there was 12,225,931,294 such potentially dilutive shares included in the diluted weighted average shares outstanding. During the three months ended March 31, 2016 potential common shares are not included in the diluted net loss per share calculation as their effect would be anti-dilutive. Such potentially dilutive shares are excluded when the effect would be to reduce net loss per share. There were 12,837,333,612 such potentially dilutive shares excluded for the three months ended March 31, 2016. The potentially dilutive shares arise from the following instruments:
2017 2016
Convertible notes payable and accrued interest 12,013,308,993 12,837,333,612
Series A convertible preferred stock 212,622,301 -
Total 12,225,931,294 12,837,333,612
AI
