Quarterly report pursuant to Section 13 or 15(d)

1. NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)

v3.21.1
1. NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)
9 Months Ended
Feb. 28, 2021
Tables/Schedules  
Schedule of Earnings Per Share, Basic and Diluted

 

 

 

For the Three

Months Ended

February 28,

2021

 

For the Nine

Months Ended

February 28,

2021

Numerator:

 

 

 

 

Net income

$

1,264,998

 

2,088,044

Effect of dilutive securities

 

431,163

 

606,519

 

 

 

 

 

Diluted net income

$

1,696,161

$

2,694,563

 

 

 

 

 

Denominator:

 

 

 

 

Weighted average common shares outstanding – basic

 

357,891,040

 

230,663,175

 

 

 

 

 

Dilutive securities (a):

 

 

 

 

Series A Preferred

 

1,177,041,100

 

1,177,041,100

Series B Preferred

 

5,499,034,800

 

5,499,034,800

Convertible notes

 

1,809,848,927

 

1,809,848,927

Warrants

 

1,132,733,563

 

1,132,733,563

 

 

 

 

 

Weighted average common shares outstanding and assumed conversion – diluted

 

9,976,549,430

 

9,849,321,565

 

 

 

 

 

Basic net income per common share

$

0.00

$

0.01

 

 

 

 

 

Diluted net income per common share

$

0.00

$

0.00

 

 

 

 

 

(a) - Anti-dilutive securities excluded:

 

-

 

-