Annual report pursuant to Section 13 and 15(d)

Per Share Data

Per Share Data

12 Months Ended

Dec. 31, 2018

Basic net income (loss) per common 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 unvested restricted stock 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,
	2018	2017	2016
Basic weighted-average common shares outstanding - basic	194,562,916	193,064,550	182,987,850
Effect of dilutive securities:
Options to purchase common stock	—	—	—
Restricted shares	—	—	—
Dilutive potential common shares	—	—	—

Weighted average common shares outstanding and dilutive potential common shares	194,562,916	193,064,550	182,987,850

During 2018, 2017 and 2016, options, warrants and restricted stock to purchase 25,107,164, 32,501,007 and 41,191,772 common shares, respectively, were not included in the computation of diluted income (loss) per share as the effect would be anti-dilutive.