Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2018

Reconciliation of Basic and Diluted Earnings per Common Share


	Three months ended March 31,
	2018		2017
Numerator: Basic
Net earnings (loss) attributable to common shareholders	$	642	$	(13,953)
Less: Allocation to participating securities		(19)		-
Net earnings (loss) attributable to common shareholders, net of amount allocated to participating securities	$	623	$	(13,953)

Numerator: Diluted
Net earnings (loss) attributable to common shareholders, net of amount allocated to participating securities	$	623	$	(13,953)

Denominator
Weighted average number of common shares - Basic		11,745,665		2,937,698
Unvested stock		17,141		-
Weighted average number of common shares - Diluted		11,762,806		2,937,698

Earnings per Share
Basic Earnings (Loss) per Share	$	0.05	$	(4.75)
Diluted Earnings (Loss) per Share	$	0.05	$	(4.75)

Schedule of Potentially Dilutive Securities Excluded from Computation of Earnings per Share


	Three months ended March 31,
	2018	2017
Outstanding stock options	-	865
Unvested restricted stock	99,663	-
Warrants - RES	-	170,830
Warrants - Employees (2)	44,837	66,153
Series D Preferred Stock	-	3,936,347
Series E Preferred Stock	668,111	230,127
Convertible debt	97,269	97,269
LTIP common units (1)	-	101,213
Operating partnership common units (1)	89,614	51,076
Total potentially dilutive securities excluded from the denominator	999,494	4,653,880

(1)

LTIP and common units of the operating partnership have been omitted from the denominator for the purpose of computing diluted EPS since the effect of including these amounts in the numerator and denominator would have no impact on calculated EPS.

(2)

Amounts above are weighted average amounts outstanding for the quarter. This instrument was no longer outstanding at March 31, 2018.