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NET (LOSS) INCOME PER SHARE
 6 Months Ended
Jun. 30, 2018
NET (LOSS) INCOME PER SHARE  
NET (LOSS) INCOME PER SHARE

NOTE 10   NET (LOSS) INCOME PER SHARE

 

Basic net (loss) income per share is computed by dividing the net (loss) income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed similarly except that the weighted average number of common shares is increased to reflect all dilutive instruments.

 

Below is a reconciliation of the basic and diluted weighted average number of common shares outstanding and the computations for basic and diluted net loss per share for the three and six months ended June 30, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30,

 

Six months ended June 30,

 

 

 

2018

 

 

2017

 

2018

    

2017

 

    

 

(amounts in thousands, except net income per share)

Net loss

 

$

(5,380)

 

$

(1,712)

 

$

(10,591)

 

$

(4,728)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

337,087

 

 

308,523

 

 

337,075

 

 

304,074

Diluted shares outstanding:

 

 

337,087

 

 

308,523

 

 

337,075

 

 

304,074

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.02)

 

$

(0.01)

 

$

(0.03)

 

$

(0.02)

Diluted

 

$

(0.02)

 

$

(0.01)

 

$

(0.03)

 

$

(0.02)

 

For the three and six month periods ended June 30, 2018 and 2017, as the Company was in a loss position, all potentially dilutive instruments were anti-dilutive and therefore not included in the calculation of diluted net loss per share.