Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Net Loss Per Common Share

15. Earnings (Loss) Per Common Share

	March 31,				March 31,
	2017				2016
	Basic		Diluted		Basic			Diluted
Net earnings/(loss) attributable to common stockholders		2,212,879		2,212,879		(2,136,471	)		(2,136,471	)
Average equivalent shares
Weighted-average common shares outstanding		55,382,002		55,382,002		24,484,562			24,484,562
Convertible preferred shares		-		2,150,237		-			-
Dilutive effect of convertible promissory notes		-		3,183,482		-			-
Total average equivalent shares		55,382,002		60,715,721		24,484,562			24,484,562
Earnings/(loss) per common share		0.04		0.04		(0.09	)		(0.09	)

Basic earnings (loss) per common share attributable to Wecast Network shareholders is calculated by dividing the net earnings (loss) attributable to Wecast Network shareholders by the weighted average number of outstanding common shares during the applicable period.

Diluted earnings (loss) per share is calculated by taking net earnings (loss), divided by the diluted weighted average common shares outstanding. Diluted loss per share for the three months ended March 31, 2016 equals basic loss per share because the effect of securities convertible into common shares is anti-dilutive.

For the three months ended March 31, 2017 and 2016, the number of securities convertible into common shares not included in diluted loss per common share because the effect would have been anti-dilutive consists of the following:

	March 31,		March 31,
	2017		2016
Warrants		3,778,002		4,009,669
Options		2,251,428		1,722,325
Series A Preferred Stock		—		933,333
Series E Preferred Stock		—		7,254,997
Convertible promissory note and interest		—		11,190,292
Total		6,029,430		25,110,616