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NET LOSS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
NET LOSS PER COMMON SHARE
NET LOSS PER COMMON SHARE
 
Earnings per share have been computed based on the following weighted average number of common shares outstanding (in thousands except per share data):
 
 
December 31,
 
 
2018
 
2017
Net loss
 
$
(27,516
)
 
$
(11,761
)
Dividends on preferred stock
 
(3,239
)
 
(3,242
)
Net loss available to common shareholders
 
$
(30,755
)
 
$
(15,003
)
Weighted average common shares outstanding for basic loss per share
 
16,617

 
14,107

Loss per common share:
 
 
 
 
Basic
 
$
(1.85
)
 
$
(1.06
)
Diluted
 
$
(1.85
)
 
$
(1.06
)


Since the Company had a net loss for the both years ended December 31, 2018 and 2017, all potential common shares were excluded from the calculation of diluted earnings per share as they would have had an anti-dilutive effect for periods.