Quarterly report pursuant to Section 13 or 15(d) 06-30-2019

Basic and Diluted Net Loss Per Common Share

v3.19.2
Basic and Diluted Net Loss Per Common Share
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Common Share

2. Basic and Diluted Net Loss per Common Share

 

Basic net loss per share is calculated by dividing the net loss by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. Diluted net loss per share is calculated by dividing the net loss by the weighted-average number of common share equivalents outstanding for the period that are determined to be dilutive. Common stock equivalents are primarily comprised of preferred stock, warrants for the purchase of common stock and stock options. The Company had potentially dilutive securities, totaling approximately 0.6 million and 0.7 million as of June 30, 2019 and 2018, respectively.

 

Below are basic and diluted loss per share data for the three months ended June 30, 2019, which are in thousands except for share and per share data:

 

    Basic Calculation     Effect of Dilutive Warrant Securities     Diluted Calculation  
Numerator:                        
Loss from continuing operations   $ (730 )   $ (632 )   $ (1,362 )
Deemed dividend and accretion of a discount     (2,358 )     -       (2,358 )
Net loss attributable to common stockholders   $ (3,088 )   $ (632 )   $ (3,720 )
                         
Denominator:                        
Number of shares used in per common share calculations:     931,859       -       931,859  
                         
Net loss per common share:                        
Loss from continuing operations   $ (0.78 )   $ -     $ (1.46 )
Deemed dividend and accretion of a discount     (2.53 )     -       (2.53 )
Net loss attributable to common stockholders   $ (3.31 )   $ -     $ (3.99 )

 

Below are basic and diluted loss per share data for the six months ended June 30, 2019, which are in thousands except for share and per share data:

 

    Basic Calculation     Effect of Dilutive Warrant Securities     Diluted Calculation  
Numerator:                        
Loss from continuing operations   $ (2,359 )   $ (609 )   $ (2,968 )
Deemed dividend and accretion of a discount     (2,358 )     -       (2,358 )
Net loss attributable to common stockholders   $ (4,717 )   $ (609 )   $ (5,326 )
                         
Denominator:                        
Number of shares used in per common share calculations:     829,724       -       829,724  
                         
Net loss per common share:                        
Loss from continuing operations   $ (2.84 )   $ -     $ (3.58 )
Deemed dividend and accretion of a discount     (2.84 )     -       (2.84 )
Net loss attributable to common stockholders   $ (5.68 )   $ -     $ (6.42 )

 

Below are basic and diluted loss per share data for the three months ended June 30, 2018, which are in thousands except for share and per share data:

 

    Basic Calculation     Effect of Dilutive Warrant Securities     Diluted Calculation  
Numerator:                        
Loss from continuing operations   $ (2,181 )   $ (1,610 )   $ (3,791 )
Income from discontinued operations     (131 )     -       (131 )
Deemed dividend and accretion of a discount     (7,334 )     -       (7,334 )
Net loss attributable to common stockholders   $ (9,646 )   $ (1,610 )   $ (11,256 )
                         
Denominator:                        
Number of shares used in per common share calculations:     194,933       119,421       314,354  
                         
Net loss per common share:                        
Loss from continuing operations   $ (11.19 )   $ -     $ (12.06 )
Loss from discontinued operations     (0.67 )     -       (0.42 )
Deemed dividend and accretion of a discount     (37.62 )     -       (23.33 )
Net loss attributable to common stockholders   $ (49.48 )   $ -     $ (35.81 )

 

Below are basic and diluted loss per share data for the six months ended June 30, 2018, which are in thousands except for share and per share data:

 

    Basic Calculation     Effect of Dilutive Warrant Securities     Diluted Calculation  
Numerator:                        
Loss from continuing operations   $ (5,666 )   $ (362 )   $ (6,028 )
Income from discontinued operations     (44 )     -       (44 )
Deemed dividend and accretion of a discount     (7,334 )     -       (7,334 )
Net loss attributable to common stockholders   $ (13,044 )   $ (362 )   $ (13,406 )
                         
Denominator:                        
Number of shares used in per common share calculations:     154,545       -       154,545  
                         
Net loss per common share:                        
Loss from continuing operations   $ (36.66 )   $ -     $ (39.01 )
Loss from discontinued operations     (0.28 )     -       (0.28 )
Deemed dividend and accretion of a discount     (47.46 )     -       (47.46 )
Net loss attributable to common stockholders   $ (84.40 )   $ -     $ (86.75 )