Year ended December 31,

2019

2018

2017

Numerator

Net income (loss)

$

(99,557

)

$

(26,563

)

$

(28,520

)

Preferred stock dividends

(552

)

(552

)

(552

)

Net income (loss) applicable to common shares

$

(100,109

)

$

(27,115

)

$

(29,072

)

Denominator

Basic weighted average common shares

490,449

433,419

397,394

Dilutive stock options, restricted stock units, and warrants

—

Diluted weighted average common shares

490,449

433,419

397,394

Basic earnings (loss) per common share

$

(0.20

)

$

(0.06

)

$

(0.07

)

Diluted earnings (loss) per common share

$

(0.20

)

$

(0.06

)

$

(0.07

)