Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Note 8 – Earnings (loss) per share

Basic earnings (loss) per common share (“EPS”) is calculated by dividing the net earnings (loss) for the year by the weighted-average number of common shares outstanding during the period. Due to the Company’s net loss for the three months ended March 31, 2020 and 2019, all potential common stock equivalents were anti-dilutive.

The following table summarizes basic and diluted earnings (loss) per share or the three months ended March 31, 2020 and 2019 (in thousands, except per share amounts):

	Three Months Ended March 31, 2020			Three Months Ended March 31, 2019
Basic and diluted loss per share:
Net loss	$	(12,526	)	$	(13,491	)
Weighted average common shares outstanding - basic		42,529,017			42,302,775
Dilutive effect of potentially issuable shares		-			-
Weighted average common shares outstanding - diluted		42,529,017			42,302,775
Basic loss per share	$	(0.29	)	$	(0.32	)
Dilutive effect of potentially issuable shares		-			-
Diluted loss per share	$	(0.29	)	$	(0.32	)
Common share equivalents excluded due to anti-dilutive effect		-			-