Quarterly report pursuant to Section 13 or 15(d)

Per Share Data

v3.5.0.2
Per Share Data
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Per Share Data
Per Share Data

Basic net loss per common share is computed by dividing net loss attributable to the Company, decreased in the case of income and increased in the case of loss by dividends declared on preferred stock, by the weighted-average number of common shares outstanding.
The dilutive effect of incremental common shares potentially issuable under outstanding options and warrants and unvested restricted stock is included in diluted earnings per share utilizing the treasury stock method. A reconciliation of basic and diluted common shares used in the computation of per share data follows:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
September 30,
 
2016
 
2015
 
2016
 
2015
Basic weighted-average shares
181,032,730

 
183,519,768

 
181,023,737

 
184,415,040

Effect of dilutive securities:
 
 
 
 
 
 
 
     Options to purchase common stock

 

 

 

     Warrants to purchase common stock

 

 

 

Dilutive potential common shares

 

 

 

Weighted average common shares outstanding and dilutive potential common shares
181,032,730

 
183,519,768

 
181,023,737

 
184,415,040



For the three and nine months ended September 30, 2016, options and warrants to purchase 50,189,120 shares of common stock and 2,245,167 restricted shares of common stock were not included in the computation of diluted loss per share as the effect would have been anti-dilutive. For the three and nine months ended September 30, 2015, options and warrants to purchase 57,181,576 shares of common stock and 1,220,490 restricted shares of common stock were not included in the diluted computation as the effect would have been anti-dilutive.