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

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

v3.19.1
12. Earnings/(loss) per share (Tables)
12 Months Ended
Dec. 31, 2018
Earningsloss Per Share Tables Abstract  
Schedule of potentially dilutive securities

Potentially dilutive securities include:

 

  Year ended
December 31,
2018
  Year ended
December 31,
2017
  Year ended
December 31,
2016
 
             
Warrants to purchase common stock   6,733,292     6,733,292     6,733,292  
Convertible promissory notes issued to underwriters and other related parties subject to possible conversion   99,243     99,243     99,243  
Convertible promissory notes issued to shareholder subject to possible conversion   6,669,201     2,833,344     1,744,603  
Options to purchase common stock   473,195     473,944     374,650  
Total potential dilutive securities   13,974,931     10,139,823     8,951,788  

Schedule of basic and diluted earnings (loss) per share

The following reflects the basic and diluted earnings/(loss) per share for the year ended December 31:

 

Basic earnings/(loss) per share   2018     2017     2016*  
                   
From continuing operations   $ 0.53     $ (1.50 )   $ (0.17 )
From discontinued operations           (0.39 )     (0.12 )
Total basic earnings/(loss) per share   $ 0.53     $ (1.89 )   $ (0.29 )

  

Diluted earnings/(loss) per share   2018     2017     2016*  
                   
From continuing operations   $ 0.51     $ (1.50 )   $ (0.17 )
From discontinued operations     –         (0.39 )     (0.12 )
Total diluted earnings/(loss) per share   $ 0.51     $ (1.89 )   $ (0.29 )

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

The earnings/(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 earnings/(loss) per share   2018     2017     2016*  
Earnings/(loss) from continuing operations used in the calculation of basic earnings/(loss) per share   $ 1,016,941     $ (2,933,067 )   $ (339,697 )
Earnings/(loss) from discontinued operations used in the calculation of basic earnings/(loss) per share from discontinued operations           (363,934 )     (225,447 )
Earnings/(loss) on sale of subsidiary           (135,200 )      
Earnings/(loss) on foreign currency exchange on discontinued operations           (254,935 )      
Earnings/(loss) used in the calculation of basic earnings/(loss) per share   $ 1,016,941     $ (3,687,136 )   $ (565,144 )
Weighted average number of ordinary shares for basic earnings/(loss) per share     1,903,723       1,949,061       1,954,651  

 

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

 

Diluted earnings/(loss) per share   2018     2017     2016*  
Earnings/(loss) from continuing operations used in the calculation of diluted earnings/(loss) per share   $ 1,016,941     $ (2,933,067 )   $ (339,697 )
Earnings/(loss) used in the calculation of diluted earnings/(loss) per share     1,016,941       (2,933,067 )     (339,697 )
Earnings/(loss) from discontinued operations used in the calculation of basic earnings/(loss) per share from discontinued operations           (363,934 )     (225,447 )
Earnings/(loss) on sale of subsidiary           (135,200 )      
Earnings/(loss) on foreign currency exchange on discontinued operations           (254,935 )      
Earnings/(loss) used in the calculation of diluted earnings/(loss) per share   $ 1,016,941     $ (3,687,136 )   $ (565,144 )
Weighted average number of ordinary shares used in the calculation of basic earnings/(loss) per share     1,903,723       1,949,061       1,954,651  
Weighted average number of ordinary shares used in the calculation of diluted earnings/(loss) per share     1,997,928       1,949,061       1,954,651  

 

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