Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share Available to Common Stockholders (Tables)

v3.20.2
Loss Per Share Available to Common Stockholders (Tables)
9 Months Ended
Sep. 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 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