Quarterly report pursuant to Section 13 or 15(d)

Per Share Data

Per Share Data

9 Months Ended

Sep. 30, 2018

Basic net income (loss) per common share is computed by dividing net income (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,
	2018	2017	2018	2017
Basic weighted-average shares	196,381,910	192,912,643	196,281,283	192,498,380
Effect of dilutive securities:
Options to purchase common stock	10,616,368	—	—	—
Restricted shares of common stock	1,388,958	—	—	—
Dilutive potential common shares	12,005,326	—	—	—
Weighted average common shares outstanding and dilutive potential common shares	208,387,236	192,912,643	196,281,283	192,498,380

For the three months ended September 30, 2018, options to purchase 4,289,000 shares of common stock and for the nine months ended September 30, 2018, options to purchase 26,371,583 shares of common stock and 4,215,270 unvested restricted shares of common stock were not included in the computation of diluted income (loss) per share as the effect would have been anti-dilutive.

For the three and nine months ended September 30, 2017, options and warrants to purchase 31,648,506 shares of common stock and 3,372,094 unvested restricted shares of common stock were not included in the computation of diluted loss per share as the effect would have been anti-dilutive.