Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share (Tables)

v3.21.2
Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Available to Common stockholders

The following table sets forth the computation of the Company’s basic and diluted net loss per share available to common stockholders during the three and six months ended June 30, 2021 and 2020:

 

      2021       2020       2021       2020  
    Three Months Ended June 30,     Six Months Ended June 30,  
    2021     2020     2021     2020  
Numerator                        
Net income (loss) from continuing operations   $ (1,490,097 )   $ 2,153,355     $ (5,157,425 )   $ (3,657,354 )
Deemed dividends     (99,253,330 )     (3,150,368 )     (149,611,479 )     (3,150,368 )
Net loss available to common stockholders, continuing operations     (100,743,427 )     (997,013 )     (154,768,904 )     (6,807,722 )
Net income (loss) from discontinued operations     10,561,415     (31,727 )     10,334,044     (12,796 )
Net loss available to common stockholders   $ (90,182,012 )   $ (1,028,740 )   $ (144,434,155 )   $ (6,820,518 )
                                 
Denominator                                
Basic and diluted weighted average shares of common stock outstanding     7,310,286       990       3,799,062       986  
                                 
Loss per share available to common stockholders, basic and diluted:                                
Continuing operations   $ (13.78 )   $ (1,007.08 )   $ (40.74 )   $ (6,904.38 )
Discontinued operations     1.44   (32.05 )   2.72   (12.98 )
Total basic and diluted   $ (12.34 )   $ (1,039.13 )   $ (38.02 )   $ (6,917.36 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Diluted loss per share excludes all dilutive potential shares if their effect is anti-dilutive. As of June 30, 2021 and 2020, the following potential common stock equivalents were excluded from the calculation of diluted loss per share as their effect was anti-dilutive:

    June 30,  
    2021     2020  
Warrants     122,395,632       63,467  
Convertible preferred stock     85,852,763       16,761  
Convertible debentures     5,963,367       1,548  
Stock options     26       26  
      214,211,788       81,802