BASIC AND DILUTED LOSS PER COMMON SHARE

12 Months Ended

Dec. 31, 2019

Earnings (loss) per share:

BASIC AND DILUTED LOSS PER COMMON SHARE

18. BASIC AND DILUTED LOSS PER COMMON SHARE

Basic and diluted loss per common share is calculated based on the weighted average number of shares outstanding during the period. The Company’s employee and director stock option awards, as well as incremental shares issuable upon exercise of warrants, are not considered in the calculations if the effect would be anti-dilutive. The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share data):

	For the Year Ended
	December 31,
	2019			2018
Numerator:
Net loss	$	(12,037	)	$	(9,309	)
Income from discontinued operations, net of income taxes		10,598			3,645
Net loss	$	(1,439	)	$	(5,664	)
Denominator:
Weighted average basic shares outstanding		8,726			8,726
Denominator for diluted net income per common share		8,726			8,726
Loss per share:
Basic
Loss from continuing operations	$	(1.38	)	$	(1.07	)
Income from discontinued operations		1.21			0.42
Net loss	$	(0.17	)	$	(0.65	)
Diluted
Loss from continuing operations	$	(1.38	)	$	(1.07	)
Income from discontinued operations		1.21			0.42
Net loss	$	(0.17	)	$	(0.65	)