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Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Details in the computation of basic and diluted income (loss) per share is as follows:
 
Three months ended June 30,
 
Six months ended  June 30,
($ in thousands except share and per share data)
2019
 
2018
 
2019
 
2018
Income (loss) per share - basic:
 
 
 
 
 
 
 
Net income (loss)
$
11,743

 
$
(2,894
)
 
$
8,077

 
$
(5,795
)
Less: Dividend paid in-kind to preferred stockholders
(86
)
 
(83
)
 
(171
)
 
(165
)
Less: Deemed dividend on preferred stock
(145
)
 
(126
)
 
(285
)
 
(247
)
Net income (loss) attributable to common stockholders - basic
$
11,512

 
$
(3,103
)
 
$
7,621

 
$
(6,207
)
 
 
 
 
 
 
 
 
Numerator for basic income (loss) per share
$
11,512

 
$
(3,103
)
 
$
7,621

 
$
(6,207
)
Denominator for basic income (loss) per share
9,758,332

 
6,376,048

 
9,758,332

 
6,026,454

Basic income (loss) per common share
$
1.18

 
$
(0.49
)
 
$
0.78

 
$
(1.03
)
 
 
 
 
 
 
 
 
Income (loss) per share - diluted:
 
 
 
 
 

 
 

Numerator for basic income (loss) per share
$
11,512

 
$
(3,103
)
 
$
7,621

 
$
(6,207
)
Adjust: Interest and derivative revaluation expense related to convertible notes
1,338

 

 

 

Adjust: Paid in kind dividend on preferred shares
86

 

 
171

 

Adjust: Deemed dividend on preferred shares
145

 

 
285

 

Net income (loss) attributable to common stockholders - diluted
$
13,081

 
$
(3,103
)
 
$
8,077

 
$
(6,207
)
 
 
 
 
 
 
 
 
Denominator for basic income (loss) per share
9,758,332

 
6,376,048

 
9,758,332

 
6,026,454

Plus: Incremental shares underlying dilutive “in the money” stock options outstanding
25,257

 

 
11,483

 

Plus: Incremental common shares underlying convertible notes and related accrued interest
1,169,714

 

 

 

Plus: Incremental common shares underlying preferred stock
744,088

 

 
740,066

 

Denominator for diluted income (loss) per share
11,697,391

 
6,376,048

 
10,509,881

 
6,026,454

Diluted net income (loss) per common share
$
1.12

 
$
(0.49
)
 
$
0.77

 
$
(1.03
)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following potentially dilutive securities have been excluded from the computations of diluted weighted-average shares outstanding, as their effect would be anti-dilutive: 
 
Three months ended June 30,
 
Six months ended  June 30,
 
2019
 
2018
 
2019
 
2018
“In the money” stock options

 
36,000

 

 
36,000

“Out of the money” stock options
286,327

 
263,467

 
286,327

 
263,467

“In the money” warrants

 
1,528,668

 

 
1,528,668

“Out of the money” warrants
7,392,966

 
4,903,736

 
7,392,966

 
4,903,736

Shares underlying convertible notes

 
1,056,068

 
1,056,068

 
1,056,068

Shares underlying convertible accrued interest on convertible notes

 
79,120

 
125,213

 
79,120

Shares underlying convertible preferred stock

 
720,000

 

 
720,000