March 31

2018

2017

($ in thousands expect share and share data)

Net Loss

$

(2,389

)

$

(2,559

)

Beneficial conversion feature of series C preferred shares

(633

)

Extinguishment of series C preferred shares

(49

)

Adjusted Loss

$

(2,438

)

$

(3,192

)

Weighted average of Ordinary Shares

outstanding during the period

2,253,945

112,756

Basic and diluted loss per share (dollars)

$

(1.08

)

$

(28.31

)