XML 64 R43.htm IDEA: XBRL DOCUMENT
v3.20.2

Earnings (loss) Per Share (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Earnings Per Share [Abstract] |
Schedule of Earnings (Loss) Per Share | Basic and diluted earnings (loss) per share are calculated using the following numerators and denominators:
| For the three months ended June 30, |  |  |  | For the six months ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Basic earnings per share computation |  |  |  |  |  |  |
Net income (loss) attributable to common shareholders of Cronos Group | $ | (106,977) |  |  | $ | 185,999 |  |  | $ | (30,937) |  |  | $ | 500,090 |
Weighted average number of common shares outstanding | 349,075,408 |  |  | 334,665,873 |  |  | 348,946,439 |  |  | 317,940,749 |
Basic earnings per share | $ | (0.31) |  |  | $ | 0.56 |  |  | $ | (0.09) |  |  | $ | 1.57 |
Diluted earnings per share computation(i) |  |  |  |  |  |  |
Net income (loss) used in the computation of basic earnings per share | $ | (106,977) |  |  | $ | 185,999 |  |  | $ | (30,937) |  |  | $ | 500,090 |
Adjustment for gain (loss) on revaluation of derivative liabilities | (729) |  |  | (126,032) |  |  | (729) |  |  | (350,758) |
Net income (loss) used in the computation of diluted income per share | $ | (107,706) |  |  | $ | 59,967 |  |  | $ | (31,666) |  |  | $ | 149,332 |
Weighted average number of common shares outstanding used in the computation of basic earnings per share | 349,075,408 |  |  | 334,665,873 |  |  | 348,946,439 |  | 317,940,749
Dilutive effect of warrants (i) | — |  |  | 19,287,262 |  |  | — |  |  | 21,239,056
Dilutive effect of stock options (i) | — |  |  | 10,992,464 |  |  | — |  |  | 11,291,914
Dilutive effect of restricted share units (i) | — |  |  | — |  |  | — |  |  | — |
Dilutive effect of Altria Warrant (i) | — |  |  | 9,100,465 |  |  | — |  |  | 13,633,605
Dilutive effect of Top-up Rights – exercised and exercisable fixed price (i) | — |  |  | 630,531 |  |  | — |  |  | 766,769
Weighted average number of common shares for computation of diluted income (loss) per share | 349,075,408 |  |  | 374,676,595 |  |  | 348,946.439 |  |  | 364,872,093 |
Diluted earnings per share | $ | (0.31) |  |  | $ | 0.16 |  |  | $ | (0.09) |  |  | $ | 0.41 |
(i) In computing diluted earnings per share, incremental common shares are not considered in periods in which a net loss is reported, as the inclusion of the common share equivalents would be anti-dilutive.
Schedule of Antidilutive Securities Excluded from Computation of Diluted Shares Outstanding | The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive or because conditions for contingently issuable shares were not satisfied at the end of the reporting periods.
| Three months ended June 30, |  |  |  | Six months ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Ginkgo Equity Milestones | 14,674,904 |  |  | 14,674,904 |  |  | 14,674,904 |  |  | 14,674,904 |
Pre-emptive Rights | 12,006,740 |  |  | 12,006,740 |  |  | 12,006,740 |  |  | 12,006,740 |
Top-up Rights – fixed price | 26,686,413 |  |  | — |  |  | 26,686,413 |  |  | — |
Top-up Rights – market price | 1,941,349 |  |  | 25,150,434 |  |  | 1,941,349 |  |  | 25,150,434 |
Altria Warrant | 77,752,533 |  |  | 1,076,553 |  |  | 77,752,533 |  |  | 1,076,553 |
Stock options | 10,495,235 |  |  | 51,830 |  |  | 10,547,256 |  |  | 51,830 |
Warrants | 17,536,558 |  |  | — |  |  | 17,521,903 |  |  | — |
Restricted share units | 1,012,249 |  |  | — |  |  | 1,012,249 |  |  | — |
Total anti-dilutive securities | 162,091,326 |  |  | 52,960,461 |  |  | 162,158,002 |  |  | 52,960,461 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration