This is the standard pps calculation based strictly off Revs and Current SS. The formula applies to IHSI, as well as other small-, medium- and large-cap stocks. I have pointed this out multiple times when the SS has been updated.
A fair strategy is to consider the number of O/S vs. forward revenue per share...
forward revenue ($10,000,000) / OS 8,580,441,707 = 0.00116544116 per share minimum value
forward revenue ($10,000,000) / OS 8,580,441,707 times standard 10 multiple = 0.0116544116 per share maximum value
Improvement in the company financial position from a net loss for the year ended December 31, 2016 was ($11,732,674) to net income of in six months ending 2017 of $9,796,270.
Why it matters: For analysts and creditors analyzing the income statement of a particular company it is essential to recognize the differences between income from continuing operations and other non-recurring items. Income from operations is generally considered the best barometer of future results. Other items, which are non-recurring, are less essential for projecting future income.