Schedule of Earnings Per Share |
The following table sets forth the computation
of the Company’s basic and diluted net income (loss) per share for each of the three and six months ended June 30, 2019 and
2018:
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) income from continuing operations |
|
$ |
(13,279,576 |
) |
|
$ |
45,464,498 |
|
|
$ |
(26,212,371 |
) |
|
$ |
(101,321,877 |
) |
Deduct change in fair value of derivative liabilities to the extent effect is dilutive for diluted calculation |
|
|
- |
|
|
|
(44,091,731 |
) |
|
|
- |
|
|
|
- |
|
Amortize discounts associated with conversion of dilutive convertible debentures for diluted calculation |
|
|
- |
|
|
|
(7,354,747 |
) |
|
|
- |
|
|
|
- |
|
Adjusted net loss from continuing operations |
|
|
(13,279,576 |
) |
|
|
(5,981,980 |
) |
|
|
(26,212,371 |
) |
|
|
(101,321,877 |
) |
Net (loss) income from discontinued operations |
|
|
(145,251 |
) |
|
|
(146,577 |
) |
|
|
(653,860 |
) |
|
|
275,216 |
|
Deemed dividends |
|
|
- |
|
|
|
- |
|
|
|
(123,861,587 |
) |
|
|
- |
|
Net loss to common shareholders |
|
$ |
(13,424,827 |
) |
|
$ |
(6,128,557 |
) |
|
$ |
(150,727,818 |
) |
|
$ |
(101,046,661 |
) |
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding during the period: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
5,289,645,114 |
|
|
|
1,620,332 |
|
|
|
3,357,860,127 |
|
|
|
1,035,358 |
|
Common stock equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants |
|
|
- |
|
|
|
17,475,725 |
|
|
|
- |
|
|
|
- |
|
Convertible preferred stock |
|
|
- |
|
|
|
1,892,915 |
|
|
|
- |
|
|
|
- |
|
Convertible debentures |
|
|
- |
|
|
|
2,811,240 |
|
|
|
- |
|
|
|
- |
|
Diluted |
|
|
5,289,645,114 |
|
|
|
23,800,212 |
|
|
|
3,357,860,127 |
|
|
|
1,035,358 |
|
Net (loss) income per common share- continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.00 |
) |
|
$ |
28.06 |
|
|
$ |
(0.01 |
) |
|
$ |
(97.86 |
) |
Diluted |
|
$ |
(0.00 |
) |
|
$ |
(0.27 |
) |
|
$ |
(0.01 |
) |
|
$ |
(97.86 |
) |
Net (loss) income per common share- discontinued operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.00 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.00 |
) |
|
$ |
0.27 |
|
Diluted |
|
$ |
(0.00 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.00 |
) |
|
$ |
0.27 |
|
Total per share net (loss) income to common stockholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.00 |
) |
|
$ |
27.97 |
|
|
$ |
(0.04 |
) |
|
$ |
(97.60 |
) |
Diluted |
|
$ |
(0.00 |
) |
|
$ |
(0.28 |
) |
|
$ |
(0.04 |
) |
|
$ |
(97.60 |
) |
|
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Diluted loss per share as reflected in the
table above excludes all dilutive potential shares if their effect is anti-dilutive. For the six months ended June 30, 2019 and
2018, the following table sets forth the computation of the following potential common stock equivalents excluded from the calculation
of diluted loss per share as their effect was anti-dilutive:
|
|
Six Months Ended June 30, |
|
|
|
2019 |
|
|
2018 |
|
Warrants |
|
|
634,525,355,377 |
|
|
|
63,414,862 |
|
Convertible preferred stock |
|
|
85,291,785,590 |
|
|
|
7,684,231 |
|
Convertible debentures |
|
|
30,570,395,193 |
|
|
|
3,476,470 |
|
Stock options |
|
|
77 |
|
|
|
77 |
|
|
|
|
750,387,536,237 |
|
|
|
74,575,640 |
|
|