Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

12. Earnings/(loss) per share (Tables)

v3.8.0.1
12. Earnings/(loss) per share (Tables)
12 Months Ended
Dec. 31, 2017
Earningsloss Per Share Tables  
Schedule of potentially dilutive securities

Potentially dilutive securities include:

 

    Year ended
December 31,
2017
    Year ended
December 31,
2016
    Year ended
December 31,
2015
 
                   
Warrants to purchase common stock     6,733,292       6,733,292       7,241,054  
Common stock in the unit purchase option for underwriters                 215,000  
Options in the unit purchase option for underwriters to purchase common stock                 215,000  
Convertible promissory notes issued to underwriters and other related parties subject to possible conversion     99,243       99,243       113,385  
Convertible promissory notes issued to shareholder subject to possible conversion     2,833,344       1,744,603       1,392,602  
Options to purchase common stock     473,944       374,650       107,813  
Total potential dilutive securities     10,139,823       8,951,788       9,284,854  
Schedule of basic and diluted earnings (loss) per share

Basic loss per share   2017     2016*     2015*  
                   
From continuing operations   $ (1.50 )   $ (0.17 )   $ (2.66 )
From discontinued operations     (0.39 )     (0.12 )     (0.63 )
Total basic loss per share   $ (1.89 )   $ (0.29 )   $ (3.29 )

 

 

Diluted loss per share   2017     2016     2015  
                   
From continuing operations   $ (1.50 )   $ (0.17 )   $ (2.66 )
From discontinued operations     (0.39 )     (0.12 )     (0.63 )
Total diluted loss per share   $ (1.89 )   $ (0.29 )   $ (3.29 )

 

Schedule of earnings/(loss) and weighted average number of ordinary shares

The loss and weighted average number of ordinary shares used in the calculation of basic earnings/(loss) per share for the year ended December 31 are as follows:

 

Basic loss per share   2017     2016*     2015*  
Loss from continuing operations used in the calculation of basic loss per share   $ (2,933,067 )   $ (339,697 )   $ (6,113,639 )
Loss from discontinued operations used in the calculation of basic loss per share from discontinued operations     (363,934 )     (225,447 )     (1,448,047 )
Loss on sale of subsidiary     (135,200 )            
Loss on foreign currency exchange on discontinued operations     (254,935 )            
Loss used in the calculation of basic loss per share   $ (3,687,136 )   $ (565,144 )   $ (7,561,686 )
                         
Weighted average number of ordinary shares for basic loss per share     1,949,061       1,954,651       2,299,462  

 

The loss and weighted average number of ordinary shares used in the calculation of diluted loss per share for the year ended December 31 are as follows:

 

Diluted loss per share   2017     2016*     2015*  
Loss from continuing operations used in the calculation of diluted loss per share   $ (2,933,067 )   $ (339,697 )   $ (6,113,639 )
Loss from discontinued operations used in the calculation of basic loss per share from discontinued operations     (363,934 )     (225,447     (1,448,047 )
Loss on sale of subsidiary     (135,200 )            
Loss on foreign currency exchange on discontinued operations     (254,935 )            
Loss used in the calculation of diluted loss per share   $ (3,687,136 )   $ (565,144 )   $ (7,561,686 )
                         
Weighted average number of ordinary shares used in the calculation of basic loss per share     1,949,061       1,954,651       2,299,462  
Weighted average number of ordinary shares used in the calculation of diluted loss per share     1,949,061       1,954,651       2,299,462  

 

 

*Restated for discontinued operations (see note 9 — Discontinued Operations)