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LOSS PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Loss Per Common Share

The computation of basic and diluted loss per common share is as follows: 

 

 

 

Three Months

Ended June 30,

 

 

Six Months

Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

 

 

 

 

(Restated)

 

 

 

 

 

 

(Restated)

 

Loss per common share (basic and diluted):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to SAExploration

 

$

(6,432

)

 

$

(17,900

)

 

$

(4,119

)

 

$

(19,126

)

Amortization of discounts on Series A and Series B preferred

   stock

 

 

 

 

 

(22,231

)

 

 

 

 

 

(67,426

)

Accretion of Series A preferred stock to redemption value

 

 

 

 

 

22,667

 

 

 

 

 

 

21,376

 

Dividends on Series A preferred stock

 

 

 

 

 

(663

)

 

 

 

 

 

(1,119

)

Net loss available to common stockholders

 

$

(6,432

)

 

$

(18,127

)

 

$

(4,119

)

 

$

(66,295

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic and diluted)

 

 

7,919

 

 

 

1,865

 

 

 

7,761

 

 

 

1,433

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per common share (basic and diluted)

 

$

(0.81

)

 

$

(9.72

)

 

$

(0.53

)

 

$

(46.26

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive securities excluded from diluted loss per common

   share (1)

 

 

11,177

 

 

 

5,788

 

 

 

11,177

 

 

 

5,788

 

 

(1)

Includes our Series A warrants, Series B warrants and our unvested equity–based compensation.