NextPlat Corp Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

The estimated useful lives of property and equipment are generally as follows:

		Years
Office furniture and fixtures		4
Computer equipment		4
Rental equipment		4
Appliques		10
Website development		2

The following are dilutive common stock equivalents during the six months ended:

	(1)	3,951,225 shares of our common stock issuable upon conversion of $790,245 of Convertible Notes Payable at a conversion rate of $0.20 per share, as of June 30, 2020, not accounting for 9.99% beneficial ownership limitations.
	(2)	8,050,000 shares of our common stock issuable upon conversion of $805,000 of Convertible Notes Payable at a conversion rate of $0.10 per share, as of June 30, 2019, not accounting for 4.99% beneficial ownership limitations.

The following are the adjustment to the net income (loss) available to common stockholders during the period ended:

	Six Months Ended June 30, 2020			Year Ended December 31, 2019
Net loss	$	(258,294	)	$	(1,379,756	)
Preferred shares redemption adjustment	$	-		$	201,924
Net loss available to common shareholders	$	(258,294	)	$	(1,177,832	)

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
Weighted number of common shares outstanding – basic & diluted		166,217			106,175
Loss applicable to common shareholders per share	$	(1.55	)	$	(11.09	)