INCOME (LOSS) PER COMMON SHARE

6 Months Ended

Sep. 30, 2020

INCOME (LOSS) PER COMMON SHARE

INCOME (LOSS) PER COMMON SHARE

NOTE 16 – INCOME (LOSS) PER COMMON SHARE

The calculation of income (loss) per share for the three and six months ended September 30, 2020, and 2019 was as follows (Restated):

	Three Months Ended						Six Months Ended
	September 30,						September 30,
	2020			2019			2020			2019
Numerator:
Net (loss) before Discontinued Operations	$	(19,986,843	)	$	(9,172,844	)	$	(33,620,905	)	$	(12,624,333	)
Less preferred dividends		-			(84,282	)		(2,217,671	)		(84,282	)
Net loss before discontinued operations attributable to common stockholders	$	(19,986,843	)	$	(9,257,126	)	$	(35,838,576	)	$	(12,708,615	)
Discontinued Operations		—			761,768			—			761,768
Net loss attributable to common stockholders	$	(19,986,843	)	$	(8,495,358	)	$	(35,838,576	)	$	(11,946,847	)
Denominator	$			$			$			$
Weighted average share – basic		19,815,872			493,300			13,705,461			259,432
Dilutive effect of common stock equivalents
Options/warrants		—			—			—			—
Preferred C shares		—			—			—			—
Denominator
Total Weighted average shares – diluted		19,815,872			493,300			13,705,461			259,432
Income (loss) per share attributable to common shareholders – basic
Continuing operations	$	(1.01	)	$	(17.22	)	$	(2.61	)	$	(46.05	)
Discontinued Operations		—			1.54			—			2.94
Total		(1.01	)		(15.68	)		(2.61	)		(43.11	)
Income (loss) per share – diluted
Continuing Operations	$	(1.01	)	$	(17.22	)	$	(2.61	)	$	(46.05	)
Discontinued Operations		—			1.54			—			2.94
Total		(1.01	)		(15.68	)		(2.61	)		(43.11	)

For the three and six months ended September 30, 2020, and 2019, the following share equivalents related to convertible debt and warrants to purchase shares of common stock were excluded from the computation of diluted net income (loss) per share as the inclusion of such shares would be anti-dilutive.

	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Common Shares Issuable for:
Convertible Debt		276		276		276		276
Options and Warrants		38		38		38		38
Series C Preferred Shares		226,462,431		10,163,617		226,462,431		10,163,617
Total		226,462,745		10,163,931		226,462,745		10,163,931