| 13. |
EARNINGS PER SHARE |
The calculation of basic and diluted earnings (loss) per share for the relevant years is based on the following:
| December 31, | December 31, | December 31, | ||||||||
| 2017 | 2016 | 2015 | ||||||||
| Net loss for the year | $ | (5,015,911 | ) | $ | (2,465,592 | ) | $ | (2,510,826 | ) | |
| Basic weighted average number of common shares outstanding | 46,848,053 | 46,215,861 | 45,779,903 | |||||||
| Effect on dilutive securities: | ||||||||||
| Options | - | - | - | |||||||
| Warrants | - | - | - | |||||||
| Diluted weighted average number of common shares outstanding | 46,848,053 | 46,215,861 | 45,779,903 | |||||||
| Basic loss per share | $ | (0.11 | ) | $ | (0.05 | ) | $ | (0.05 | ) | |
| Diluted loss per share | $ | (0.11 | ) | $ | (0.05 | ) | $ | (0.05 | ) |