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STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents a reconciliation of net loss to net loss attributable to common shareholders used in the basic and diluted earnings per share calculations for the three and six months ended June 30, 2019 and 2018 (amounts in thousands, except for per share data):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
Earnings allocable to common shares:
 
 
 
 
 

 

Numerator - Loss Attributable to Common Shareholders:
 
 
 
 
 

 

Net loss
 
$
(4,070
)
 
$
(2,497
)
 
$
(9,083
)
 
$
(6,291
)
Net (income) loss attributable to non-controlling interest
 
(318
)
 
25

 
(441
)
 
115

Preferred dividends
 
(2,019
)
 
(1,704
)
 
(4,007
)
 
(3,112
)
Net loss attributable to common shareholders
 
$
(6,407
)
 
$
(4,176
)
 
$
(13,531
)
 
$
(9,288
)

 
 
 
 
 


 


Denominator - Weighted average shares:
 
 
 
 
 


 


Weighted average common shares outstanding for basic and diluted earnings per common share
 
16,375,649
 
16,696,684
 
16,383,921

 
16,680,988


 
 
 
 
 


 


Basic and diluted earnings per common share:
 
 
 
 
 


 


Net loss per common share
 
$
(0.27
)
 
$
(0.15
)
 
$
(0.58
)
 
$
(0.37
)
Preferred dividends per share
 
(0.12
)
 
(0.10
)
 
(0.24
)
 
(0.19
)
Net loss attributable to common shareholder per share
 
$
(0.39
)
 
$
(0.25
)
 
$
(0.83
)
 
$
(0.56
)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following securities were not included in the computation of diluted net loss per share as their effect would have been anti-dilutive (presented on a weighted average balance):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
Options to purchase common stock
 
1,085,497

 
1,062,807

 
1,085,497

 
1,066,465

Restricted stock
 
249,486

 
372,815

 
230,134

 
382,638

Warrants to purchase common stock
 
2,600,000

 
2,600,000

 
2,600,000

 
2,470,718

Convertible preferred stock
 
10,552,941

 
10,552,941

 
10,552,941

 
10,045,954

Total
 
14,487,924

 
14,588,563

 
14,468,572

 
13,965,775