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Loss Per Share
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Loss Per Share

NOTE 7 – LOSS PER SHARE

 

In periods of net loss, basic loss per share is computed by dividing net loss for the period after consideration of the effect of dividends on preferred stock by the weighted average number of shares outstanding during the period.

 

The loss and the weighted average number of shares used in computing basic and diluted loss per share for the six and three month periods ended June 30, 2018 and 2017 are as follows:

 

    US dollars     US dollars  
   

Six-month period ended

June 30,

    

Three-month period ended

June 30,

  
    2018     2017     2018     2017  
    (unaudited)     (unaudited)  
Loss for the period     (3,810,277 )     (5,087,526 )     (1,962,483 )     (2,557,201 )
Cash dividend on Series A Preferred Stock     (8,970 )     (6,714 )     (4,270 )     (2,014 )
Stock dividend on Series B Preferred Stock     (585,321 )     (491,668 )     (305,162 )     (245,637 )
Stock dividend on Series C Preferred Stock     (467,433 )     (276,574 )     (243,700 )     (160,588 )
Loss for the period attributable to common stockholders     (4,872,001 )     (5,862,482 )     (2,515,615 )     (2,965,440 )
                                 

 

    Number of shares     Number of shares  
    Six-month period
ended June 30,		     Three-month period
ended June 30,		  
    2018     2017     2018     2017  
                         
Number of shares:                                
Common shares used in computing basic income (loss) per share     7,290,123       6,116,366       7,555,761       6,205,104  
Common shares used in computing diluted income (loss) per share     7,290,123       6,116,366       7,555,761       6,203,104  
Total weighted average number of common shares related to outstanding convertible Preferred Stock, options and warrants excluded from the calculations of diluted income (loss) per share (*)     27,017,190       19,868,112       26,274,884       21,001,400  
                                 
  (*) All outstanding convertible Preferred Stock, stock options and warrants have been excluded from the calculation of the diluted net loss per share for all the reported periods, because the effect of the common shares issuable as a result of the exercise or conversion of these instruments was determined to be anti-dilutive.