Quarterly report pursuant to Section 13 or 15(d)

Per Share Data

v3.7.0.1
Per Share Data
3 Months Ended
Mar. 31, 2017
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 
 March 31,
 
 
2017
 
2016
 
Basic weighted-average shares
192,270,615

 
181,363,446

 
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
192,270,615

 
181,363,446

 


For the three months ended March 31, 2017, options and warrants to purchase 38,670,087 shares of common stock and 3,112,719 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 months ended March 31, 2016, options and warrants to purchase 55,858,875 shares of common stock and 2,260,792 restricted shares of common stock were not included in the diluted computation as the effect would have been anti-dilutive.