EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2017

5. EARNINGS PER SHARE

The calculation of basic earnings per share (“EPS”) and diluted EPS are presented below:


	For the three months ended September 30, 2017
	Net Loss		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net loss from continuing operations	$	(213)
Less: Preferred stock dividends		(334)

Basic EPS
Net loss available to common shareholders		(547)	47,573,364		$	(0.01)

Effect of Dilutive Securities
Incremental shares		-	-	(a)

Diluted EPS
Net loss available to common shareholders plus assumed conversions	$	(547)	47,573,364		$	(0.01)


	For the three months ended September 30, 2016
	Net Loss		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net loss from continuing operations	$	(2,464)
Less: Preferred stock dividends		(334)

Basic EPS
Net loss available to common shareholders		(2,798)	38,488,005		$	(0.07)

Effect of Dilutive Securities
Incremental shares		-	-	(a)

Diluted EPS
Net loss available to common shareholders plus assumed conversions	$	(2,798)	38,488,005		$	(0.07)

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^(a)

517,825 and 1,281,035 shares were excluded for the three months ended September 30, 2017 and 2016, respectively, as the effects would be anti-dilutive.

The change in the average number of shares that were anti-dilutive in the three months ended September 30, 2017 compared to the same period last year, was due to warrants exercised in connection with our common stock during September 2016.