Note 9—Loss per Share

The following sets forth the computation of basic and fully diluted weighted average shares outstanding and loss per share of common stock for the periods indicated:

	Three Months Ended June 30, 2012			Three Months Ended June 30, 2011			Cumulative from August 5, 2010 (Inception) through June 30, 2012
	(unaudited)			(unaudited)
Net loss attributable to Prospect Global Resources Inc.	$	(3,320,723	)	$	(1,585,103	)	$	(83,031,569	)
Weighted average number of common shares outstanding — basic	39,489,173			21,615,897			25,235,348
Dilution effect of restricted stock and warrants	—			—			—
Weighted average number of common shares outstanding — fully diluted	—			—			—
Loss per share of common stock:
Basic and fully diluted loss per share of common stock	$	(0.08	)	$	(0.07	)	$	(3.29	)

The Company has issued warrants to purchase shares of our common stock. These warrants, along with outstanding options and nonvested stock grants (both described in Note 6), were not included in the computation of Loss Per Share above as to do so would have been antidilutive for the periods presented. The potentially dilutive warrants, grants and options totaled 22,814,729 shares as of June 30, 2012.