Note 8 - Loss Per Common Share

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 

8.

Loss Per Common Share

The computation of basic net loss per share is based on the weighted average number of common shares outstanding for the

three

and

six

-month periods ended

June 

30,

2017

and

June 

30,

2016.

Diluted net loss per share gives effect to stock awards, stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted net loss per share as of

June 

30,

2017

does

not

include

1,843,211

unvested stock awards,

1,865,865

stock options and

152,266

warrants, as their effect was anti-dilutive. Diluted net loss per share as of

June 

30,

2016

does

not

include

30,385

stock awards,

68,640

stock options and

152,266

warrants, as their effect was anti-dilutive.

	Three Months Ended						Six Months Ended
	June 30, 2017			June 30, 2016			June 30, 2017			June 30, 2016
Net loss	$	(5,888,466	)	$	(22,495,573	)	$	(16,956,914	)	$	(61,774,243	)
Weighted Average Shares - Basic		70,329,050			2,254,665			67,996,330			2,073,068
Dilutive effect of stock options and restricted stock units		—			—			—			—
Weighted Average Shares - Diluted		70,329,050			2,254,665			67,996,330			2,073,068
Basic loss per share *	$	(0.08	)	$	(9.98	)	$	(0.25	)	$	(29.80	)
Diluted loss per share *	$	(0.08	)	$	(9.98	)	$	(0.25	)	$	(29.80	)

*Adjusted to give effect for the

1

for

20

reverse stock split that became effective as of the opening of trading on

August 5, 2016.