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LOSS PER SHARE
 9 Months Ended
Sep. 30, 2018
LOSS PER SHARE [Abstract]  
LOSS PER SHARE
NOTE 9 – LOSS PER SHARE

Basic (income) loss per share is calculated by dividing net income (loss) for period by the weighted average number of common shares outstanding for the period. In computing dilutive income (loss) per share, basic income (loss) per share is adjusted for the assumed issuance of all applicable potentially dilutive share-based awards, including common stock options, restricted stock and warrants.

Below are basic and diluted net loss per share for the periods indicated:

  
Successor Company
 
  
        
Nine
Months Ended
September 30,
2018
        
Period from
February 1, 2017
to September 30,
2017
    
 
Three Months Ended
September 30,
 
  
2018
  
2017
  
(Unaudited)
 
Net loss for basic and diluted loss per common shares
  
 (13,412,996
)
  
(573,681
)
  
(12,108,413
)
  
(7,061,465
)
                 
Shares:
                
Weighted-average common shares outstanding – basic and diluted
  
30,975,338
   
17,227,682
   
21,827,082
   
17,227,682
 
                 
Net loss per common share - basic and diluted
 
$
(0.43
)
 
$
(0.03
)
 
$
(0.55
)
 
$
(0.41
)

The computation of diluted loss per share above excludes the effect of 1,587 and 531 restricted stock units for the three month and nine-month periods ending September 30, 2018, respectively, because the inclusion of these would be anti-dilutive.