For the Three Months Ended June 30,

For the Six Months Ended June 30,

2016

2015

2016

2015

Basic earnings per share

Numerator:

Net Loss

$

(2,078

)

$

(40,308

)

$

(2,127

)

$

(44,394

)

Deemed capital contribution on extinguishment of preferred stock

31,480

-

31,480

-

Net income (loss) available to common stockholders

$

29,402

$

(40,308

)

$

29,354

$

(44,394

)

Denominator:

Weighted average number of common shares outstanding,

3,060,455

1,506,221

2,883,160

1,506,055

Earnings per basic share:

Net Loss

(0.68

)

(26.76

)

(0.74

)

(29.48

)

Deemed capital contribution on extinguishment of preferred stock

10.29

-

10.92

-

Net income (loss) available to common stockholders

$

9.61

$

(26.76

)

$

10.18

$

(29.48

)

Dilutive earnings per share

Numerator:

Net Loss

$

(2,078

)

$

(40,308

)

$

(2,127

)

$

(44,394

)

Deemed capital contribution on extinguishment of preferred stock

31,480

-

31,480

-

Net income (loss) available to common stockholders

$

29,402

$

(40,308

)

$

29,353

$

(44,394

)

Denominator:

Weighted average basic shares outstanding,

3,060,455

1,506,221

2,883,160

1,506,055

Weighted average effect of dilutive securities

Employee stock options

1,646

-

684

-

Convertible preferred stock

123,482

-

259,601

-

Restricted stock units

7,644

-

3,577

-

Weighted average diluted shares outstanding

3,193,227

1,506,221

3,147,022

1,506,055

Earnings per diluted share:

Net Loss

$

(0.65

)

$

(26.76

)

$

(0.68

)

$

(29.48

)

Deemed capital contribution on extinguishment of preferred stock

9.86

-

10.00

-

Net income (loss) available to common stockholders

$

9.21

$

(26.76

)

$

9.32

$

(29.48

)