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NET (LOSS) INCOME PER SHARE
 9 Months Ended
Sep. 30, 2018
NET (LOSS) INCOME PER SHARE  
NET (LOSS) INCOME PER SHARE

NOTE 10   NET (LOSS) PER SHARE

 

Basic net (loss) per share is computed by dividing the net (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed similarly except that the weighted average number of common shares outstanding is increased to reflect all dilutive instruments.

 

Below is a reconciliation of the basic and diluted weighted average number of common shares outstanding and the computations for basic and diluted net loss per share for the three and nine months ended September 30, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2018

    

 

2017

    

 

2018

    

2017

 

    

 

(amounts in thousands, except net income per share)

Net loss

 

$

(13,290)

 

$

(8,072)

 

 

$

(23,881)

 

$

(12,800)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding:

 

 

337,100

 

 

314,077

 

 

 

337,083

 

 

307,445

Diluted shares outstanding:

 

 

337,100

 

 

314,077

 

 

 

337,083

 

 

307,445

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.04)

 

$

(0.03)

 

 

$

(0.07)

 

$

(0.04)

Diluted

 

$

(0.04)

 

$

(0.03)

 

 

$

(0.07)

 

$

(0.04)

 

For the three and nine month periods ended September 30, 2018 and 2017, as the Company was in a loss position, all potentially dilutive instruments were anti-dilutive and therefore not included in the calculation of diluted net loss per share.