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Earnings/(Loss) Per Share (EPS) (Tables)
3 Months Ended
Jun. 30, 2017
Earnings/(Loss) Per Share ("EPS")  
Schedule of calculations of basic and diluted EPS

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

(In U.S. dollars except share data)

 

June 30, 2017

 

June 30, 2016

 

Numerator:

 

 

 

 

 

 

 

Net loss

 

$

(6,689,970)

 

$

(1,291,121)

 

Denominator:

 

 

 

 

 

 

 

Basic weighted average number of common shares outstanding

 

 

53,875,292

 

 

54,740,984

 

Effect of dilutive restricted stock

 

 

 —

 

 

 —

 

Diluted weighted average number of common shares outstanding

 

 

53,875,292

 

 

54,740,984

 

EPS:

 

 

 

 

 

 

 

Basic

 

$

(0.12)

 

$

(0.02)

 

Diluted

 

$

(0.12)

 

$

(0.02)