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EARNINGS (LOSS) PER SHARE | 12 Months Ended
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Dec. 31, 2019
EARNINGS (LOSS) PER SHARE [Abstract] |
EARNINGS (LOSS) PER SHARE |
13. | EARNINGS (LOSS) PER SHARE
Basic earnings per share (“EPS”) are computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted-average number of common shares and dilutive common stock equivalents outstanding during the period.
All figures in USD except number of shares and earnings (loss) per common share |  | 2019 |  |  | 2018 |  |  | 2017 |
Numerator: |  |  |  |  |  |  |  |  |
Net Loss |  |  | (10,352 | ) |  |  | (95,306 | ) |  |  | (204,969 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic - Weighted Average Common Shares Outstanding |  |  | 142,571,361 |  |  |  | 141,969,666 |  |  |  | 103,832,680 |
Dilutive – Weighted Average Common Shares Outstanding |  |  | 142,571,361 |  |  |  | 141,969,666 |  |  |  | 103,832,680 |
Loss per Common Share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | (0.07 | ) |  |  | (0.67 | ) |  |  | (1.97 | )
Diluted |  |  | (0.07 | ) |  |  | (0.67 | ) |  |  | (1.97 | )
On March 29, 2019, the Company launched an ATM program of our common shares for up to $40.0 million. The Company has issued 5,260,968 shares with net proceeds of $17.9 million under its At-the-Market as of December 31, 2019. The Company has not issued any shares subsequent to the balance sheet date. The remaining available proceeds through the offering is $21.4 million as of the date of this report. Based on the share price of the Company of $3.47 per share as of April 3, 2020 it would have resulted in 6,173,500 new shares being issued, if fully utilizing the remaining balance available through the ATM.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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