• Filing Date: 2018-05-15
  • Form Type: 10-Q
  • Description: Quarterly report
v3.8.0.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic and Diluted Earnings Per Share
The following is a reconciliation of the numerator and denominator for basic and diluted earnings per share for the three months ended March 31, 2018 and 2017
 
Three Months Ended March 31,
 
2018
 
2017
Basic Earnings per Share
 
 
 
Numerator:
 
 
 
Net loss available to common shareholders
$
(3,455,829
)
 
$
(4,047,244
)
Denominator:
 
 
 
Weighted-average shares outstanding
33,063,732

 
32,953,812

Basic earnings per share
$
(0.10
)
 
$
(0.12
)
 
 
 
 
Diluted Earnings per Share
 
 
 
Numerator:
 
 
 
Net loss available to common shareholders
$
(3,455,829
)
 
$
(4,047,244
)
Denominator:
 
 
 
Weighted-average shares outstanding
33,063,732

 
32,953,812

Effect of dilutive securities
 
 
 
Stock options and warrants

 

Preferred Stock

 

Diluted weighted-average shares outstanding
33,063,732

 
32,953,812

Diluted earnings (loss) per share
$
(0.10
)
 
$
(0.12
)