• Filing Date: 2018-11-13
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
EARNINGS (LOSS) PER SHARE (Details 1) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Numerator:        
Net (loss) earnings from continuing operations $ (503,834) $ (791,360) $ (3,618,967) $ (1,913,460)
Less: preferred stock accretion (166,519) (144,916) (482,696) (400,616)
Less: preferred stock dividends (114,908) (87,907) (344,724) (251,508)
Net income (loss) attributable to shareholders $ (785,261) $ (1,024,183) $ (4,446,387) $ (2,565,584)
Denominator (basic):        
Weighted average common shares outstanding 14,542,362 11,756,560 14,524,030 10,920,866
Participating securities - Series A preferred stock 974,487 974,487 974,487 917,931
Participating securities - Series B preferred stock 481,722 0 481,722 0
Weighted average shares outstanding 15,998,571 12,731,047 15,980,239 11,838,797
Loss per common share - basic under two-class method $ (0.05) $ (0.08) $ (0.28) $ (0.22)
Denominator (diluted):        
Weighted average common shares outstanding 14,542,362 11,756,560 14,524,030 10,920,866
Participating securities - Series A preferred stock 974,487 974,487 974,487 917,931
Participating securities - Series B preferred stock 481,722 0 481,722 0
Weighted average shares outstanding 15,998,571 12,731,047 15,980,239 11,838,797
Loss per common share - basic under two-class method $ (0.05) $ (0.08) $ (0.28) $ (0.22)