EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2016

EARNINGS PER SHARE

Schedule of reconciliation of numerator and denominator of basic and diluted earnings per share

	Three months ended				Six months ended
	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
Basic (loss) earnings per share computation:
Numerator:
(Loss) income from continuing operations	$	(3,605)	$	(488)	$	(8,800)	$	69
Loss from discontinued operations		-		-		(1,286)		-
Net (loss) income		(3,605)		(488)		(10,086)		69
Denominator:
Weighted average common shares outstanding		12,380		8,825		11,852		8,825
(Loss) earnings per common share - basic
(Loss) income from continuing operations		(0.29)		(0.06)		(0.74)		0.01
(Loss) Income from discontinued operations		-		-		(0.11)		-
(Loss) earnings per common share - basic	$	(0.29)	$	(0.06)	$	(0.85)	$	0.01
Diluted (loss) earnings per share computation:
Numerator:
(Loss) income from continuing operations	$	(3,605)	$	(488)	$	(8,800)	$	69
(Loss) Income from discontinued operations		-		-		(1,286)		-
Net (loss) income		(3,605)		(488)		(10,086)		69
Denominator:
Weighted average common shares outstanding		12,380		8,825		11,852		8,825
Effect of dilutive securities:
RSU's, convertible securities and options		-		-		-		-
Dilutive potential common shares		12,380		8,825		11,852		8,825
(Loss) earnings per common share - diluted
(Loss) income from continuing operations		(0.29)		(0.06)		(0.74)		0.01
Loss from discontinued operations		-		-		(0.11)		-
(Loss) earnings per common share - diluted	$	(0.29)	$	(0.06)	$	(0.85)	$	0.01

Schedule of reconciliation of basic and diluted earnings per share, two class method

	Three months ended				Six months ended
	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
Net (loss) income	$	(3,605)	$	(488)	$	(10,086)	$	69
Less: preferred dividends		863		-		1,268		-
Net (loss) income attributable to stockholders		(4,468)		(488)		(11,354)		69
Participating securities - Series A Preferred Stock		-		-		-		-
Net (loss) income attributable to common stockholders	$	(4,468)	$	(488)	$	(11,354)	$	69
Denominator:
Weighted average common shares outstanding		12,380		8,825		11,852		8,825
(Loss) earnings per common share - basic and diluted under two-class method	$	(0.36)	$	(0.06)	$	(0.96)	$	0.01