Quarterly report pursuant to Section 13 or 15(d)

Loss per share

v3.10.0.1
Loss per share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
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 of basic and diluted net loss per share (in thousands, except per share amounts):

 

   

  Three Months Ended

September 30,

   

Nine Months Ended

September 30,

 
    2018     2017     2018     2017  
Numerator                        
Net loss from continuing operations   $ (17,631 )   $ (1,545 )   $ (55,349 )   $ (13,296 )
Net (loss) income from discontinued operations     -       (5,160 )     6,218       (13,293 )
Total net loss     (17,631 )     (6,705 )     (49,131 )     (26,589 )
Undeclared dividends on Preferred Series D     (467 )     -       (754 )     -  
Dividends paid on Preferred Series D     -       -       (500 )     -  
Total net loss less Preferred Series D dividends    $ (18,098 )   $ (6,705 )   $ (50,385 )   $ (26,589 )
                                 
Denominator                                
Basic and diluted weighted average common shares outstanding     78,435       25,161       54,143       25,161  
                                 
(Loss) income per share basic and diluted                                
From continuing operations   $ (0.23 )   $ (0.06 )   $ (1.05 )   $ (0.53 )
From discontinued operations   $ -     $ (0.21 )   $ 0.11     $ (0.53 )

 

From the Birch Closing Date through September 30, 2018, dilutive securities excluded from the calculation of diluted earnings per common share because of their anti-dilutive effects were as follows (in thousands):

 

Warrants     838  
Stock Options     1,903