Annual report pursuant to Section 13 and 15(d)

Per Share Data

Per Share Data

12 Months Ended

Dec. 31, 2017

Basic net income (loss) per share is computed by dividing net income (loss) attributable to the Company, decreased with respect to net income or increased with respect to net loss by dividends declared on preferred stock by using the weighted-average number of common shares outstanding. The dilutive effect of incremental common shares potentially issuable under outstanding options, warrants and restricted shares is included in diluted earnings per share utilizing the treasury stock method. A reconciliation of basic and diluted common shares use in the computation of per share data is as follows:



	Year Ended December 31,
	2017	2016	2015
Basic weighted-average common shares outstanding - basic	193,064,550	182,987,850	183,660,993
Effect of dilutive securities:
Options to purchase common stock	—	—	—
Warrants to purchase common stock	—	—	—
Restricted shares	—	—	—
Dilutive potential common shares	—	—	—

Weighted average common shares outstanding and dilutive potential common shares	193,064,550	182,987,850	183,660,993

During 2017, 2016 and 2015, options, warrants and restricted stock to purchase 32,501,007, 41,191,772 and 57,494,385 common shares, respectively, were not included in the computation of diluted (loss) income per share as the effect would be anti-dilutive.