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EARNINGS PER SHARE
 6 Months Ended
Dec. 31, 2017
EARNINGS PER SHARE  
EARNINGS PER SHARE

6. EARNINGS PER SHARE

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended December 31, 

 

 

2017

 

2016

 

 

Net Loss

 

Shares

 

Per-Share

 

Net Income

 

Shares

 

Per-Share

 

 

(Numerator)

 

(Denominator)

 

Amount

 

(Numerator)

 

(Denominator)

 

Amount

Net (loss) income from continuing operations

 

$

(12,516)

 

 

 

 

 

 

$

233

 

 

 

 

 

Less: Preferred stock dividends

 

 

 -

 

 

 

 

 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income available to common shareholders

 

 

(12,516)

 

52,150,106

 

$

(0.24)

 

 

233

 

40,308,934

 

$

0.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of Dilutive Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incremental shares

 

 

 -

 

 -

(a)

 

 

 

 

 -

 

421,778

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income available to common shareholders plus assumed conversions

 

$

(12,516)

 

52,150,106

 

$

(0.24)

 

$

233

 

40,730,712

 

$

0.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended December 31, 

 

 

2017

 

2016

 

 

Net Loss

 

Shares

 

Per-Share

 

Net Loss

 

Shares

 

Per-Share

 

 

(Numerator)

 

(Denominator)

 

Amount

 

(Numerator)

 

(Denominator)

 

Amount

Net loss from continuing operations

 

$

(12,729)

 

 

 

 

 

 

$

(2,231)

 

 

 

 

 

Less: Preferred stock dividends

 

 

(334)

 

 

 

 

 

 

 

(334)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss available to common shareholders

 

 

(13,063)

 

49,861,735

 

$

(0.26)

 

 

(2,565)

 

39,398,469

 

$

(0.07)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of Dilutive Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incremental shares

 

 

 -

 

 -

(a)

 

 

 

 

 -

 

 -

(a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss available to common shareholders plus assumed conversions

 

$

(13,063)

 

49,861,735

 

$

(0.26)

 

$

(2,565)

 

39,398,469

 

$

(0.07)

 

a)

645,417,  581,621, and 851,407 shares were excluded for the three and six months ended December 31, 2017 and six months ended December 31, 2016, respectively, as the effects would be anti-dilutive.  

 

The changes in the average number of shares that were anti-dilutive in the three and six months ended December 31, 2017 compared to the same period last year, were due to warrants exercised in connection with our common stock during September 2016.