Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share (Tables)

v3.20.2
Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2020
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 and six months ended June 30, 2020 and 2019:

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2020     2019     2020     2019  
Numerator                                
Net income (loss) from continuing operations   $ 2,105,455     $ (13,279,576 )   $ (3,646,548 )   $ (26,212,371 )
Deemed dividend     (3,150,368 )     -       (3,150,368 )     (123,861,587 )
Net loss available to common stockholders, continuing operations   $ (1,044,913 )   $ (13,279,576 )   $ (6,796,916 )   $ (150,073,958 )
Net income (loss) from discontinued operations     16,173       (145,251 )     (23,602 )     (653,860 )
Net loss available to common stockholders   $ (1,028,740 )   $ (13,424,827 )   $ (6,820,518 )   $ (150,727,818 )
                                 
Denominator                                
Basic and diluted weighted average common shares outstanding     989,894       528,965       985,608       335,786  
                                 
Loss per share, basic and diluted                                
Basic and diluted, continuing operations   $ (1.06 )   $ (25.11 )   $ (6.90 )   $ (446.93 )
Basic and diluted, discontinued operations   $ 0.02     $ (0.27 )   $ (0.02 )   $ (1.95 )
Total basic and diluted   $ (1.04 )   $ (25.38 )   $ (6.92 )   $ (448.88 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

As of June 30, 2020 and 2019, the following potential common stock equivalents were excluded from the calculation of diluted loss per share as their effect was anti-dilutive:

 

    June 30,  
    2020     2019  
Warrants     63,458,545       63,452,541  
Convertible preferred stock     16,759,797       8,529,180  
Convertible debentures     1,545,690       3,057,040  
Stock options     30       34  
      81,764,062       75,038,795