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 nine months ended September 30, 2020 and 2019:
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
|
2020 |
|
|
2019 |
|
|
2020 |
|
|
2019 |
|
Numerator |
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
$ |
(6,025,885 |
) |
|
$ |
(12,003,960 |
) |
|
$ |
(9,697,922 |
) |
|
$ |
(37,865,236 |
) |
Deemed dividends |
|
|
(63,544,950 |
) |
|
|
- |
|
|
|
(66,695,318 |
) |
|
|
(123,861,587 |
) |
Net loss available to common stockholders, continuing operations |
|
$ |
(69,570,835 |
) |
|
$ |
(12,003,960 |
) |
|
$ |
(76,393,240 |
) |
|
$ |
(161,726,823 |
) |
Net loss from discontinued operations |
|
|
(166,180 |
) |
|
|
(261,808 |
) |
|
|
(164,293 |
) |
|
|
(1,266,764 |
) |
Net loss available to common stockholders |
|
$ |
(69,737,015 |
) |
|
$ |
(12,265,768 |
) |
|
$ |
(76,557,533 |
) |
|
$ |
(162,993,587 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted average common shares outstanding |
|
|
1,283,559 |
|
|
|
663,405 |
|
|
|
1,085,650 |
|
|
|
446,192 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss per share, basic and diluted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted, continuing operations |
|
$ |
(54.20 |
) |
|
$ |
(18.10 |
) |
|
$ |
(70.37 |
) |
|
$ |
(362.46 |
) |
Basic and diluted, discontinued operations |
|
$ |
(0.13 |
) |
|
$ |
(0.39 |
) |
|
$ |
(0.15 |
) |
|
$ |
(2.84 |
) |
Total basic and diluted |
|
$ |
(54.33 |
) |
|
$ |
(18.49 |
) |
|
$ |
(70.52 |
) |
|
$ |
(365.30 |
) |
|
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
As of September 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:
|
|
September 30, |
|
|
|
2020 |
|
|
2019 |
|
Warrants |
|
|
335,446,218 |
|
|
|
63,452,563 |
|
Convertible preferred stock |
|
|
313,807,465 |
|
|
|
8,290,179 |
|
Convertible debentures |
|
|
51,133,333 |
|
|
|
3,063,478 |
|
Stock options |
|
|
26 |
|
|
|
30 |
|
|
|
|
700,387,042 |
|
|
|
74,806,250 |
|
|