Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

BASIC AND DILUTED LOSS PER SHARE

v3.21.1
BASIC AND DILUTED LOSS PER SHARE
3 Months Ended
Mar. 31, 2021
Basic And Diluted Loss Per Share  
BASIC AND DILUTED LOSS PER SHARE

9.BASIC AND DILUTED LOSS PER SHARE

Basic loss per common share is calculated by dividing net loss by the weighted average number of common shares outstanding.

Diluted loss per common share is calculated by adjusting the weighted average number of common shares outstanding to assume conversion of all potential dilutive securities. The Company has restricted share units, stock options and warrants which may be dilutive. As a result of losses incurred for the three months ending March 31, 2021 and 2020, these securities are anti-dilutive and therefore excluded from the determination of dilutive loss per share.

For the Three Months Ended March 31

2021

2020

Numerator

Net loss

$

(14,794

)

$

(768

)

Denominator

Weighted average number of common shares outstanding for basic loss per common share

97,517,298

44,272,288

Adjustment for dilutive securities

Nil

Nil

Weighted average number of common shares outstanding for diluted loss per common share

97,517,298

44,272,288

Net loss per common share – basic and diluted

$

(0.15

)

$

(0.02

)