SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS |
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS
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|
Quoted
Prices in Active Markets (Level
1)
|
|
|
Significant
Observable Inputs (Level 2) |
|
|
Significant
Unobservable Inputs (Level 3) |
|
|
Total
Fair Value |
|
June
30, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Assets
(Note 3) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common
stock of Sonnet |
|
$ |
292,809 |
|
|
|
— |
|
|
$ |
— |
|
|
$ |
292,809 |
|
Liabilities
(Note 9) |
|
|
|
|
|
|
|
|
|
|
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|
True-up
provision of Convertible Preferred Series 2 |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
66,136 |
|
|
$ |
66,136 |
|
|
|
Quoted
Prices in Active Markets (Level
1)
|
|
|
Significant
Observable Inputs (Level 2) |
|
|
Significant
Unobservable Inputs (Level 3) |
|
|
Total
Fair Value |
|
December
31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
(Note 3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common
stock of Sonnet |
|
$ |
413,268 |
|
|
|
—
|
|
|
$ |
— |
|
|
$ |
413,268 |
|
Liabilities
(Note 9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
True-up
provision of Convertible Preferred Series 2 |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
184,800 |
|
|
$ |
184,800 |
|
|
SCHEDULE OF INCOME PER SHARE |
SCHEDULE
OF INCOME PER SHARE
|
|
June
30, 2021 |
|
|
June
30, 2020 |
|
|
June
30, 2021 |
|
|
June
30, 2020 |
|
|
|
Three
Months Ended |
|
|
Six
Months Ended |
|
|
|
June
30, 2021 |
|
|
June
30, 2020 |
|
|
June
30, 2021 |
|
|
June
30, 2020 |
|
Basic
net income (loss) per common share calculation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income (loss) attributable to common shareholders |
|
$ |
266,727 |
|
|
$ |
(8,986,302 |
) |
|
$ |
(2,281,700 |
) |
|
$ |
(10,786,135 |
) |
Less:
undistributed earnings to participating securities |
|
|
(179,013 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net
income (loss) attributable to common shareholders - basic |
|
|
87,714 |
|
|
|
(8,986,302 |
) |
|
|
(2,281,700 |
) |
|
|
(10,757,916 |
) |
Weighted
average common shares outstanding - basic |
|
|
15,321,571 |
|
|
|
14,282,736 |
|
|
|
14,904,471 |
|
|
|
13,096,212 |
|
Net
income (loss) per share - basic |
|
$ |
0.02 |
|
|
$ |
(0.63 |
) |
|
$ |
(0.15 |
) |
|
$ |
(0.82 |
) |
Diluted
net income (loss) per common share calculation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income (loss) attributable to common shareholders |
|
$ |
266,727 |
|
|
$ |
(8,986,302 |
) |
|
$ |
(2,281,700 |
) |
|
$ |
(10,757,916 |
) |
Less:
undistributed earnings to participating securities |
|
|
(179,013 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net
income (loss) attributable to common shareholders - diluted |
|
|
87,714 |
|
|
|
(8,986,302 |
) |
|
|
(2,281,700 |
) |
|
|
(10,757,916 |
) |
Weighted average
common shares outstanding - basic |
|
|
15,321,571 |
|
|
|
14,282,736 |
|
|
|
14,904,471 |
|
|
|
13,096,212 |
|
Warrants |
|
|
1,959,054 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Weighted average
common shares outstanding - diluted |
|
|
17,280,625 |
|
|
|
14,282,736 |
|
|
|
14,904,471 |
|
|
|
13,096,212 |
|
Net
income (loss) per share - diluted |
|
$ |
0.01 |
|
|
$ |
(0.63 |
) |
|
$ |
(0.15 |
) |
|
$ |
(0.82 |
) |
|