Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share (Tables)

v3.19.3
Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

The following table sets forth the computation of the Company’s basic and diluted net loss per share during the three months ended March 31, 2019 and 2018:

 

    Three Months Ended March 31,  
    2019     2018  
Numerator                
Net loss from continuing operations   $ (12,932,795 )   $ (146,786,377 )
Deemed dividend from trigger of down round provision feature     (123,861,587 )     -  
Net loss attributable to common stockholders, continuing operations   $ (136,794,382 )   $ (146,786,377 )
Net (loss) income from discontinued operations     (508,609 )     421,793  
Net loss available to common stockholders   $ (137,302,991 )   $ (146,364,584 )
                 
Denominator                
Basic and diluted weighted average common shares outstanding     1,404,610,862       443,885  
                 
(Loss) income per share, basic and diluted                
Basic and diluted, continuing operations   $ (0.10 )   $ (330.69 )
Basic and diluted, discontinued operations   $ (0.00 )   $ 0.95  
Total basic and diluted   $ (0.10 )   $ (329.74 )

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Diluted loss per share excludes all dilutive potential shares if their effect is anti-dilutive. As of March 31, 2019 and 2018, the following potential common stock equivalents were excluded from the calculation of diluted loss per share as their effect was anti-dilutive:

 

    Three Months Ended March 31,  
    2019     2018  
Warrants     634,585,355,377       30,937,267  
Convertible preferred stock     87,902,722,060       1,786,197  
Convertible debentures     30,570,395,193       1,562,971  
Stock options     77       77  
      753,058,472,707       34,286,512