Income/(loss) Per Common Share

The computation of basic net income/(loss) per share is based on the weighted average number of common stock outstanding for the three and nine months ended September 30, 2019 and 2018. Diluted net income per share gives effect to stock awards, stock options and restricted stock units using the if-converted method and treasury stock method, unless the impact is anti-dilutive. Diluted net loss per share as of September 30, 2019 does not include 1,567,032 stock awards, 2,284,796 stock options and 152,266 warrants, as their effect was anti-dilutive. Additionally, the Convertible Bond Debt is not considered a participating security and therefore not included in the computation of the Basic loss per share for the three and nine months ended September 30, 2019. The Company determined that it does not overcome the presumption of share settlement of outstanding debt and therefore the Company applied the if-converted method and did not include the potential shares to be issued upon conversion of Convertible Bond Debt in the calculation of Diluted loss per share for the three months and nine months ended September 30, 2019 as their effect was anti-dilutive. Diluted net income per share for the three months ended September 30, 2018 does not include 1,452 stock awards, 352,000 stock options and 152,266 warrants, as their effect was anti-dilutive.



	Three Months Ended					Nine Months Ended
	September 30, 2019			September 30, 2018		September 30, 2019			September 30, 2018
Net (loss)/income	$	(4,562,989	)	$	2,584,822	$	(10,525,662	)	$	6,088,334
Weighted Average Shares - Basic	71,349,895			70,649,556		71,327,454			70,539,951
Dilutive effect of stock options and restricted stock units	—			1,707,099		—			1,315,732
Weighted Average Shares - Diluted	71,349,895			72,356,655		71,327,454			71,855,683
Basic (loss)/income per share	$	(0.06	)	$	0.04	$	(0.15	)	$	0.09
Diluted (loss)/income per share	$	(0.06	)	$	0.04	$	(0.15	)	$	0.08