Earnings (Loss) Per Common Share

6 Months Ended

Jun. 30, 2021

The following table summarizes the Company’s earnings (loss) per share for the three and six months ended June 30, 2021 and 2020 (USD in thousands, except per share amounts):


	Three Months Ended				Six Months Ended
	June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2020
Net earnings (loss) attributable to common stockholders	$	(9,790)	$	(26,578)	$	(10,364)	$	(38,928)
Basic weighted average common shares outstanding	433,098,279		180,034,278		412,230,966		168,946,960
Effect of dilutive securities
Convertible preferred shares- Series A	—		—		—		—
Convertible promissory notes	—		—		—		—
Diluted potential common shares	433,098,279		180,034,278		412,230,966		168,946,960
Earnings (loss) per share:
Basic	$	(0.02)	$	(0.15)	$	(0.03)	$	(0.23)
Diluted	$	(0.02)	$	(0.15)	$	(0.03)	$	(0.23)

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

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

The following table includes the number of shares that may be dilutive potential common shares in the future. The holders of these shares do not have a contractual obligation to share in the Company’s losses and thus these shares were not included in the computation of diluted loss per share because the effect was antidilutive (in thousands):


	June 30, 2021	December 31, 2020
Warrants	1,100	900
Options and RSUs	17,795	25,172
Series A Preferred Stock	933	933
DBOT contingent shares	1,013	1,013
Convertible promissory note and interest	16,252	—
Total	37,093	28,018