Oh my ppl please be sure to take some time and search out a clear understanding of the $MSTO current filing figures with respect to the "total" convertible debt.
The paragraph above the figures gives a basis for the values shown and states:
Basic EPS is calculated by dividing net income (loss) available to common stockholders by the weighted average number of shares of the Company’s common stock outstanding during the period. Diluted EPS is calculated based on the net income (loss) available to common stockholders and the weighted average number of shares of common stock outstanding during the period, adjusted for the effects of all potential dilutive common stock issuances related to options, warrants, restricted stock units and convertible preferred stock. The dilutive effect of our share-based awards and warrants is computed using the treasury stock method, which assumes all share-based awards and warrants are exercised and the hypothetical proceeds from exercise are used to purchase common stock at the average market price during the period. The incremental shares (i.e., the difference between shares assumed to be issued versus purchased), to the extent they would have been dilutive, are included in the denominator of the diluted EPS calculation. The dilutive effect of our convertible preferred stock is computed using the if-converted method, which assumes conversion at the beginning of the year. However, when a net loss exists, no potential common stock equivalents are included in the computation of the diluted per-share amount because the computation would result in an anti- dilutive per-share amount.
Potentially dilutive securities excluded from the computation of basic and diluted net loss per share for the twelve months ended December 31, 2021 and December 31, 2020 were as follows:
December 31, 2021 $37,732,935
December 31, 2020 $27,567,568
We have explained this entry several times before on this forum please take some time to get caught up to speed on it. Try to focus on the P/L and balance sheet. It gives you a hint of where the money is coming and going. What is missing as we should see it on an upcoming Q report is the dilution of shares and distribution of funds from assets which should be more clearly stated.
For example as a matter of importance - did you see these figures?
Investing Cash Flows:
Change in Investments (45,500)
Change in Loan Fees (14,960)
Purchase of Real Estate (551,149)
Total Investing Cash Flows: (611,609)
Happy Trading.
