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Note 9 - Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
9.
         Earnings (Loss) Per Share
 
The following table is a calculation of the pro forma net loss per basic and diluted share for the
three
months and
six
months ended
June 30, 2017
and
2016.
 
 
 
For the Three Months ended,
June 30
 
 
For the Six Months ended,
June 30
 
                                 
 
 
2017
 
 
2016
 
 
2017
 
 
2016
 
                                 
Net loss
   $
(3,487,971
 )   $
(612,799
 )   $
(6,581,114
)
   $
(4,447,364
)
Add:
                                
Interest expense on note payable to Ramaco Carbon, LLC (1)
    
-
     
-
     
21,855
     
-
 
Basic net loss attributable to common shareholders (2)
    
(3,487,971
 )    
(612,799
 )    
(6,559,259
 )    
(4,447,364
 )
Effect of dilutive securities(3)
    
-
     
-
     
-
     
-
 
                                 
Diluted net loss attributable to common shareholders
   $
(3,487,971
 )   $
(612,799
 )   $
(6,559,259
 )   $
(4,447,364
 )
                                 
Weighted average shares outstanding (basic and fully diluted)
    
39,072,394
     
22,498,150
     
35,592,366
     
22,498,150
 
                                 
Net loss per common share
   $
(0.09
)
   $
(0.03
 )   $
(0.18
 )   $
(0.20
 )
 
(
1
) Adjustment has been made to the pro forma loss to addback interest expense associated with the note payable to Ramaco Carbon, LLC which was repaid in full using proceeds from the IPO.
 
(
2
) Weighted average number of shares outstanding during the quarter and during the
six
-months ended
June 30, 2017
 
(
3
) Excludes
937,424
shares issuable upon the exercise of outstanding options held by certain of our executive management because their effect would be antidilutive
 
Pro forma share and per share information presented have been adjusted to reflect the shares issued as a result of the Reorganization and IPO.