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STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2020
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 months ended March 31, 2020 and 2019 (amounts in thousands, except for per share data):
 
 
Three months ended March 31,
 
 
2020
 
2019
Earnings allocable to common shares:
 
 
 
 
Numerator - Loss Attributable to Common Shareholders:
 
 
 
 
Net loss
 
$
(3,964
)
 
$
(5,013
)
Net (income) loss attributable to non-controlling interest
 
(260
)
 
(123
)
Preferred dividends
 
(2,098
)
 
(1,989
)
Net loss attributable to common shareholders
 
$
(6,322
)
 
$
(7,125
)

 
 
 
 
Denominator - Weighted average shares:
 
 
 
 
Weighted average common shares outstanding for basic and diluted earnings per common share
 
16,616,355
 
16,392,286

 
 
 
 
Basic and diluted earnings per common share:
 
 
 
 
Net loss per common share
 
$
(0.25
)
 
$
(0.31
)
Preferred dividends per share
 
(0.13
)
 
(0.12
)
Net loss attributable to common shareholder per share
 
$
(0.38
)
 
$
(0.43
)
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 March 31,
 
 
2020
 
2019
Options to purchase common stock
 
1,152,361

 
1,085,497

Restricted stock
 
494,034

 
209,419

Warrants to purchase common stock
 
2,600,000

 
2,600,000

Convertible preferred stock
 
12,427,941

 
10,552,941

Total
 
16,674,336

 
14,447,857