Quarterly report pursuant to Section 13 or 15(d)

INCOME (LOSS) PER COMMON SHARE

v3.19.3.a.u2
INCOME (LOSS) PER COMMON SHARE
9 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
INCOME (LOSS) PER COMMON SHARE

NOTE 14 – INCOME (LOSS) PER COMMON SHARE 

 

The calculation of earnings (loss) per share for the three and nine months ended December 31, 2019 and 2018 was as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before discontinued operations

 

$

(1,123,566

)

 

$

(1,586,084

)

 

$

(3,398,240

)

 

$

18,130,185

 

Discontinued operations

 

 

(710,112

)

 

 

 

 

 

 

 

 

Net income (loss)

 

 

(1,833,678

)

 

 

(1,586,084

 

 

 

(3,398,240

)

 

 

18,130,185

 

Less preferred dividends

 

 

(1,890,887

)

 

 

(1,615,886

)

 

 

(5,662,828

)

 

 

(3,211,064

)

Net income (loss) attributable to common stockholders

 

$

(3,724,565

)

 

$

(3,201,970

)

 

$

(9,061,068

)

 

$

14,919,121

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average share – basic

 

 

2,937,254

 

 

 

4,000

 

 

 

1,155,285

 

 

 

1,869

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of common stock equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options/warrants

 

 

 

 

 

 

 

 

 

 

 

494

 

Convertible debenture

 

 

 

 

 

 

 

 

 

 

 

 

Preferred C shares

 

 

 

 

 

 

 

 

 

 

 

25,827

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Weighted average shares – diluted

 

 

2,937,254

 

 

 

4,000

 

 

 

1,155,285

 

 

 

28,190

 

Income (loss) per share – basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(1.03

)

 

$

(800.49

)

 

$

(7.84

)

 

$

7,982.41

 

Discontinued operations

 

 

(0.24

)

 

 

 

 

 

 

 

 

Total

 

$

(1.27

)

 

$

(800.49

)

 

$

(7.84

)

 

$

7,982.41

 

Income (loss) per share – diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing Operations

 

$

(1.03

)

 

$

(800.49

)

 

$

(7.84

)

 

$

529.23

 

Discontinued operations

 

 

(0.24

)

 

 

 

 

 

 

 

 

Total

 

$

(1.27

)

 

$

(800.49

)

 

$

(7.84

)

 

$

529.23

 

  

For the three and nine months ended December 31, 2019 and 2018, the following share equivalents related to convertible debt and warrants to purchase shares of common stock were excluded from the computation of diluted net income (loss) per share as the inclusion of such shares would be anti-dilutive.

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Common Shares Issuable for:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible Debt

 

 

276

 

 

 

 

 

 

276

 

 

 

 

Options and Warrants

 

 

38

 

 

 

1,071,7182

 

 

 

38

 

 

 

 

Series C Preferred Shares

 

 

1,123,372,859

 

 

 

32,284,833

 

 

 

1,123,372,859

 

 

 

 

Total

 

 

1,123,373,173

 

 

 

33,356,551

 

 

 

1,123,373,173