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 |
|
|