Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Loss Per Common Share

v3.19.3
Basic and Diluted Net Loss Per Common Share
9 Months Ended
Sep. 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 0.5 million and 0.8 million as of September 30, 2019 and 2018, respectively.

 

Below are basic and diluted loss per share data for the three months ended September 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   $ (1,446 )   $ (144 )   $ (1,590 )
Deemed dividend and accretion of a discount     (345 )     -       (345 )
Net loss attributable to common stockholders   $ (1,791 )   $ (144 )   $ (1,935 )
                         
Denominator:                        
Number of shares used in per common share calculations:     2,127,293       -       2,127,293  
                         
Net loss per common share:                        
Loss from continuing operations   $ (0.68 )   $ (0.07 )   $ (0.75 )
Deemed dividend and accretion of a discount     (0.16 )     -       (0.16 )
Net loss attributable to common stockholders   $ (0.84 )   $ (0.07 )   $ (0.91 )

 

Below are basic and diluted loss per share data for the nine months ended September 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   $ (3,805 )   $ (753 )   $ (4,558 )
Deemed dividend and accretion of a discount     (2,703 )     -       (2,703 )
Net loss attributable to common stockholders   $ (6,508 )   $ (753 )   $ (7,261 )
                         
Denominator:                        
Number of shares used in per common share calculations:     1,269,106       -       1,269,106  
                         
Net loss per common share:                        
Loss from continuing operations   $ (3.00 )   $ (0.59 )   $ (3.59 )
Deemed dividend and accretion of a discount     (2.13 )     -       (2.13 )
Net loss attributable to common stockholders   $ (5.13 )   $ (0.59 )   $ (5.72 )

 

Below are basic and diluted loss per share data for the three months ended September 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   $ (2,967 )   $ (4,485 )   $ (7,452 )
Income from discontinued operations     (280 )     -       (280 )
Deemed dividend and accretion of a discount     (6,353 )     -       (6,353 )
Net loss attributable to common stockholders   $ (9,600 )   $ (4,485 )   $ (14,085 )
                         
Denominator:                        
Number of shares used in per common share calculations:     418,638       54       418,692  
                         
Net loss per common share:                        
Loss from continuing operations   $ (7.09 )   $ (10.71 )   $ (17.80 )
Loss from discontinued operations     (0.67 )     -       (0.67 )
Deemed dividend and accretion of a discount     (15.17 )     -       (15.17 )
Net loss attributable to common stockholders   $ (22.93 )   $ (10.71 )   $ (33.64 )

 

Below are basic and diluted loss per share data for the nine months ended September 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   $ (8,634 )   $ (6,396 )   $ (15,030 )
Income from discontinued operations     (324 )     -       (324 )
Deemed dividend and accretion of a discount     (13,686 )     -       (13,686 )
Net loss attributable to common stockholders   $ (22,644 )   $ (6,396 )   $ (29,040 )
                         
Denominator:                        
Number of shares used in per common share calculations:     243,543       59,933       303,476  
                         
Net loss per common share:                        
Loss from continuing operations   $ (35.45 )   $ (14.08 )   $ (49.53 )
Loss from discontinued operations     (1.33 )     0.26       (1.07 )
Deemed dividend and accretion of a discount     (56.20 )     11.10       (45.10 )
Net loss attributable to common stockholders   $ (92.98 )   $ (2.72 )   $ (95.70 )