Net income (loss) per common share

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Net income (loss) per common share

18. Net income (loss) per common share

For the three months ended June 30, 2017 the computation of basic and diluted earnings per share is as follows: 

				Number of		Per share
	Amount			shares		amount
Basic earnings per share
Net income per share from continuing operations	$	996,289			108,772,921	$	0.01
Net loss per share from discontinued operations		(141,177	)		108,772,921	$	(0.00	)
Basic income per share		855,112			108,772,921		0.01
Effect of dilutive securities
Warrants					11,135,387
Options
Diluted earnings per share
Net loss per share from continuing operations		996,289			119,908,308		0.01
Net income per share from discontinued operations		(141,177	)		119,908,308		(0.00	)
Diluted income per share	$	855,112			119,908,308	$	0.01

For the three months ended June 30, 2016 the computation of basic and diluted earnings per share is as follows:  

	Amount			Number of shares		Per share amount
Basic earnings per share
Net loss per share from continuing operations	$	(197,340	)		47,991,602	$	—
Net income per share from discontinued operations		266,260			47,991,602	$	—
Basic income per share		68,920			47,991,602		—
Effect of dilutive securities
Warrants		—			1,200,950
Options		—			—
Diluted earnings per share
Net loss per share from continuing operations		(197,340	)		49,192,552		—
Net income per share from discontinued operations		266,260			49,192,552		—
Diluted income per share	$	68,920			49,192,552	$	—

For the six months ended June 30, 2017 the computation of basic and diluted earnings per share is as follows: 

	Amount			Number of shares		Per share amount
Basic earnings per share
Net loss per share from continuing operations	$	(1,095,933	)		93,821,728	$	(0.01	)
Net income per share from discontinued operations		7,412,643			93,821,728	$	0.08
Basic income per share		6,316,710			93,821,728		0.07
Effect of dilutive securities
Warrants		—			11,135,387
Options		—			—
Diluted earnings per share
Net loss per share from continuing operations		(1,095,933	)		104,957,115		(0.01	)
Net income per share from discontinued operations		7,412,643			104,957,115		0.07
Diluted income per share	$	6,316,710			104,957,115	$	0.06

For the six months ended June 30, 2016 the computation of basic and diluted earnings per share is as follows:

	Amount			Number of shares		Per share amount
Basic earnings per share
Net loss per share from continuing operations	$	(231,365	)		47,865,229	$	—
Net income per share from discontinued operations		443,779			47,865,229	$	—
Basic income per share		212,414			47,865,229		—
Effect of dilutive securities
Warrants		—			1,200,950
Options		—			—
Diluted earnings per share
Net loss per share from continuing operations		(231,365	)		49,066,179		—
Net income per share from discontinued operations		443,779			49,066,179		—
Diluted income per share	$	212,414			49,066,179	$	—