Note 7 - Loss Per Share

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

7

- LOSS PER SHARE

The following table presents the shares used in the basic and diluted loss per common share computations:

	Three Months Ended June 30					Six Months Ended June 30
	2019		2018			2019			2018
Numerator
Net gain/(loss) attributable to common shareholder per common share basic and diluted calculation	$	1,444,706	$	(2,373,410	)	$	(1,848,478	)	$	(4,133,432	)
Net gain/(loss)		1,444,706		(2,373,410	)		(1,848,478	)		(4,133,432	)
Denominator:
Weighted average common shares outstanding-basic		29,609,373		11,878,490			22,747,544			11,632,221
Effect of diluted stock options, warrants and preferred stock (1)		30,461,410		-			-			-
Weighted average common shares outstanding-diluted		60,070,783		11,878,490			22,747,544			11,632,221
Gain/(Loss) per common share - basic	$	0.05	$	(0.20	)	$	(0.08	)	$	(0.36	)
Gain/(loss) per common share - diluted	$	0.02	$	(0.20	)	$	(0.08	)	$	(0.36	)

(

1

) The number of shares underlying options and warrants outstanding as of

June 30, 2019

and

June 30, 2018

are

27,559,457

and

5,676,637,

respectively. The number of shares underlying the convertible debt as of

June 30, 2019

and

June 30, 2018

is

1,303,073

and zero, respectively. The number of shares underlying the preferred stock Series C as of

June 30, 2019

and

June 30, 2018

is

79,246.

The number of shares underlying the preferred stock Series D as of

June 30, 2019

and

June 30, 2018

is

35,000

and zero, respectively. The number of shares underlying the preferred stock Series E as of

June 30, 2019

and

June 30, 2018

is

1,484,634

and zero, respectively. The effect of the shares that would be issued upon exercise of such options, warrants, convertible debt and preferred stock has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.