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STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2019 and 2018 (amounts in thousands, except for per share data):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Earnings allocable to common shares:
 
 
 
 
 

 

Numerator - Loss Attributable to Common Shareholders:
 
 
 
 
 

 

Net loss
 
$
(7,592
)
 
$
(115
)
 
$
(16,673
)
 
$
(6,408
)
Net (income) loss attributable to non-controlling interest
 
(893
)
 
(1,105
)
 
(1,334
)
 
(990
)
Preferred dividends
 
(2,108
)
 
(1,997
)
 
(6,115
)
 
(5,114
)
Net loss attributable to common shareholders
 
$
(10,593
)
 
$
(3,217
)
 
$
(24,122
)
 
$
(12,512
)

 
 
 
 
 


 


Denominator - Weighted average shares:
 
 
 
 
 


 


Weighted average common shares outstanding for basic and diluted earnings per common share
 
16,525,282
 
16,726,610
 
16,431,448

 
16,696,201


 
 
 
 
 


 


Basic and diluted earnings per common share:
 
 
 
 
 


 


Net loss per common share
 
$
(0.51
)
 
$
(0.07
)
 
$
(1.10
)
 
$
(0.44
)
Preferred dividends per share
 
(0.13
)
 
(0.12
)
 
(0.37
)
 
(0.31
)
Net loss attributable to common shareholder per share
 
$
(0.64
)
 
$
(0.19
)
 
$
(1.47
)
 
$
(0.75
)
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 September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Options to purchase common stock
 
1,108,027

 
1,085,497

 
1,093,090

 
1,080,442

Restricted stock
 
147,722

 
318,390

 
256,129

 
362,829

Warrants to purchase common stock
 
2,600,000

 
2,541,286

 
2,600,000

 
2,600,000

Convertible preferred stock
 
10,675,224

 
10,216,807

 
10,594,150

 
10,552,941

Total
 
14,530,973

 
14,161,980

 
14,543,369

 
14,596,212