Net Profit (loss) Per Common Share (Policies) |
3 Months Ended |
|---|---|
Mar. 31, 2017 | |
| Policies | |
| Net Profit (loss) Per Common Share | Net Profit (Loss) per Common Share
Basic profit / (loss) per share is computed on the basis of the weighted average number of common shares outstanding. At March 31, 2017, we had outstanding common shares of 194,578,083 used in the calculation of basic earnings per share. Basic Weighted average common shares and equivalents at March 31, 2017 and 2016 were 171,683,639 and 139,446,765, respectively. As of March 31, 2017, we had outstanding warrants to purchase 750,000 additional common shares and options to purchase 2,618,818 additional common shares. In addition, we had convertible notes, convertible into 136,081,400 of additional common shares. Fully diluted weighted average common shares and equivalents were withheld from the calculation as they were considered anti-dilutive for the months ended March 31, 2017. For the three months ended March 31, 2016 our fully diluted weighted average common shares and equivalents were 140,571,887.
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