• Filing Date: 2019-02-14
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
G. EARNINGS (LOSS) PER COMMON SHARE (Tables)
3 Months Ended
Dec. 31, 2018
Net income (loss) per common share  
Computation of dilutive net loss per share
    Three months ended December 31,  
    2018     2017  
Earnings (loss) per share - basic            
Net income (loss) available to common shareholders - basic   $ 1,245,902     $ (6,187,830 )
Weighted average shares outstanding - basic     27,985,327       11,636,730  
Basic earnings (loss) per common share   $ 0.04     $ (0.53 )
                 
Earnings (loss) per share - diluted                
Net income (loss) available to common shareholders - basic   $ 1,245,902     $ (6,187,830 )
Gain on derivatives (1)     (723,879 )     -  
Net income (loss) available to common shareholders - diluted   $ 522,023     $ (6,187,830 )
                 
Weighted average shares outstanding - basic     27,985,327       11,636,730  
Incremental shares underlying dilutive warrants and options     1,944,026       -  
Weighted average shares outstanding - diluted     29,929,353       11,636,730  
Diluted earnings (loss) per common share   $ 0.02     $ (0.53 )

 

(1) Includes Series GG, HH, II, JJ & KK warrants for the three months ended December 31, 2018

 

Antidilutive securities
    2018     2017    
             
Options and Warrants     3,175,384       10,491,090  
Unvested Restricted Stock     312,000       332,000  
Convertible debt     -       1,133,355  
Total     3,487,384       11,956,945