Loss Per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Loss per share

2. Loss per share

Basic loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the periods. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and is calculated using the treasury stock method for unvested shares. Common equivalent shares are excluded from the calculation in the loss periods as their effects would be anti-dilutive.

Prior to the Spin-off, the financial information of red violet represented the consolidated and combined figures of red violet and its subsidiaries. red violet only had 1,000 shares of common stock outstanding, all of which Fluent owned. On March 26, 2018, upon the Spin-off of red violet, an aggregate of 10,266,613 shares of red violet common stock were distributed to Fluent stockholders and certain warrant holders. This number of shares remained outstanding as of March 31, 2018 and is utilized to calculate loss per share for the three months ended March 31, 2018, as shown in the table below.

	Three Months Ended March 31,
(In thousands, except share data)	2019			2018
Numerator:
Net loss	$	(1,378	)	$	(2,084	)
Denominator:
Weighted average shares outstanding - Basic and diluted		10,267,680			10,266,613
Loss per share:
Basic and diluted:	$	(0.13	)	$	(0.20	)

A total of 2,267,500 and 56,000 shares of unvested restricted stock units (“RSUs”) have been excluded from the diluted loss per share calculation for the three months ended March 31, 2019 and 2018, respectively, as the impact is anti-dilutive.