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Loss Per Share

6 Months Ended

Jun. 30, 2019

NOTE 8 – 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,
	2019			2018			2019			2018
	(unaudited)						(unaudited)
Loss for the period		(1,920,510	)		(3,810,277	)		(898,857	)		(1,962,483	)
Cash dividend on Series A Preferred Stock		-			(8,970	)		-			(4,270	)
Stock dividend on Series B Preferred Stock		-			(585,321	)		-			(305,162	)
Stock dividend on Series C Preferred Stock		-			(467,433	)		-			(243,700	)
Loss for the period attributable to common stockholders		(1,920,510	)		(4,872,001	)		(898,857	)		(2,515,615	)

	Number of shares				Number of shares
	Six-month period ended June 30,				Three-month period ended June 30,
	2019		2018		2019		2018

Number of shares:
Weighted average number of shares used in the computation of basic and diluted earnings per share		147,256,546		7,290,123		149,776,875		7,555,761
Total weighted average number of common shares related to outstanding options and warrants excluded from the calculations of diluted loss per share (*)		77,558,958		27,017,190		78,029,732		26,274,884

(*)

All outstanding 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