Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) per Common Share

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Net Income (Loss) per Common Share
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Net Income (Loss) per Common Share

20. Net Loss per Common Share

 

Basic loss per share is based on the weighted-average number of common shares outstanding during each period. Diluted loss per share is based on basic shares as determined above, plus the incremental shares that would be issued upon the assumed exercise of “in-the-money” warrants using the treasury stock method and the inclusion of all convertible securities, including convertible debentures, assuming these securities were converted at the beginning of the period or at the time of issuance, if later. The computation of diluted net loss per share does not assume the issuance of common shares that have an anti-dilutive effect on net loss per share.

 

For the years ended December 31, 2020 and 2019, the following options, warrants and convertible debentures were excluded from the computation of diluted loss per share as the result of the computation was anti-dilutive:

 

Description   Year ended December 31, 2020   Year ended December 31, 2019
         
Options     1,622,938       315,938  
Warrants     2,053,145       1,089,474  
Convertible debentures     10,796       1,246,551  
      3,686,879       2,651,963