LOSS) EARNINGS PER SHARE

The following table sets forth the reconciliation of numerators and denominators for the basic and diluted (loss) earnings per share computation for the three months ended March 31, 2020 and March 31, 2019:



(in thousands, except per share data)	Three months ended March 31,
	2020			2019
Numerator:
Net (loss) income	$	(393	)	$	3,189
Less: net income attributable to noncontrolling interests	(721		)	(211		)
Less: dividends on preferred stock	(377		)	(246		)
Net (loss) income attributable to common shareholders	$	(1,491	)	$	2,732
Denominator:
Weighted average basic shares
Weighted average common shares outstanding	22,069			21,841
Weighted average diluted shares
Weighted average common shares outstanding	22,069			21,841
Effect of potentially dilutive securities
Stock options	—			—
Unvested restricted stock awards	—			—
Warrants	—			—
Convertible preferred stock	—			—
Total weighted average diluted shares	22,069			21,841
Basic (loss) earnings per share	$	(0.07	)	$	0.13
Diluted (loss) earnings per share	$	(0.07	)	$	0.13

Basic loss per share is calculated using weighted-average common shares outstanding. Diluted loss per share is calculated using weighted-average diluted shares. Weighted-average diluted shares is calculated by adding the effect of potentially dilutive securities to weighted-average common shares outstanding. Potentially dilutive securities consist of stock options, unvested restricted stock awards, warrants and convertible preferred stock. Because the Company is reporting a net loss for the three months ended March 31, 2020, all potentially dilutive securities outstanding were excluded from the calculation of diluted loss per share since their inclusion would have been anti-dilutive.

The following weighted-average potentially dilutive securities are not included in the diluted (loss) earnings per share calculations above because they would have had an antidilutive effect on the (loss) earnings per share from continuing operations:



	Three months ended March 31,
	2020	2019
Stock options	40,000	40,000
Unvested restricted stock awards	500,000	976,950
Warrants	4,423,765	4,673,765
Convertible preferred stock	1,142,975	1,392,975
Total	6,106,740	7,083,690