4. Loss per share
|3 Months Ended|
Mar. 31, 2017
|Earnings Per Share [Abstract]|
|4. Loss per share||
Basic and diluted loss per share is computed by dividing the loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period.
The following table sets forth the computation for basic and diluted net income per share for the three months ended March 31, 2017 and 2016:
For the three months ended March 31, 2017 and 2016, the following were excluded from the calculation of diluted earnings per common share because of their anti-dilutive effects:
The net loss per common share calculation includes a provision for preferred stock dividends on Fusion’s outstanding Series A-1, A-2 and A-4 preferred stock (the “Series A Preferred Stock”) of $0.1 million for the three months ended March 31, 2017 and 2016. Through March 31, 2017, the Board of Directors of Fusion has never declared a dividend on any series of the Series A Preferred Stock, resulting in approximately $4.8 million of accumulated preferred stock dividends. The Fusion Board declared dividends on the Company’s Series B-2 Convertible Preferred Stock (the “Series B-2 Preferred Stock”) of $0.2 million and $1.4 million for the three months ended March 31, 2017 and 2016, respectively, which, as permitted by the terms of the Series B-2 Preferred Stock, was paid in the form of 106,876 and 791,946 shares of Fusion’s common stock for the three months ended March 31, 2017 and 2016, respectively.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef