Numerator:

Net income

$

1,420,362

$

7,060,039

Accrued dividends on Series F Preferred Stock

(30,997

)

(67,651

)

Deemed dividends

(1,349,483

)

(1,056,332

)

Numerator for basic EPS - net income (loss) available to common stockholders

39,882

5,936,056

Effect of convertible securities and liability classified equity instrument:

Accrued dividends on Series F Preferred Stock

30,997

67,651

Interest expense on convertible note payable

—

18,802

Loss (gain) on change in fair value of warrant liabilities

5,000

(7,780,000

)

Numerator for diluted EPS - net income (loss) available to common stockholders

$

75,879

$

(1,757,491

)

Denominator:

Denominator for basic EPS - weighted average shares

53,366,403

11,649,682

Effect of dilutive securities:

Incremental shares for outstanding warrants (Series A, B and F)

985,344

3,510,206

Convertible note and accrued interest

—

572,054

Convertible Series F Preferred Stock

2,197,712

4,392,119

Convertible Series G Preferred Stock

500,000

—

Incremental unvested restricted stock units

191,037

70,400

Denominator for diluted EPS - weighted average shares

57,240,496

20,194,461

Net loss per common share - basic

$

0.00

$

0.51

Net loss per common share - diluted

$

0.00

$

(0.09

)