LiveDeal Just Filed Its Quarterly Report: Net loss per share ...

Net loss per share is calculated using the weighted average number of shares of common stock outstanding during the applicable period. Basic weighted average common shares outstanding do not include shares of restricted stock that have not yet vested, although such shares are included as outstanding shares in the Company’s unaudited Condensed Consolidated Balance Sheet. Diluted net loss per share is computed using the weighted average number of common shares outstanding and if dilutive, potential common shares outstanding during the per iod. Potential common shares consist of the additional common shares issuable in respect of restricted share awards, stock options and convertible preferred stock. Preferred stock dividends are subtracted from net loss to determine the amount available to common stockholders.


The following table presents the computation of basic and diluted net loss per share:


   Three Months Ended March 31,   Six Months Ended March 31, 
   2014   2013   2014   2013 
Loss from continuing operations  $(975,860)  $(3,215,467)  $(1,384,019)  $(4,277,939)
Less: preferred stock dividends   (479)   (479)   (959)   (958)
Loss from continuing operations applicable to common stock   (976,339)   (3,215,946)   (1,384,978)   (4,278,897)
Income (loss) from discontinued operations       450        2,413 
Net loss applicable to common stock  $(976,339)  $(3,215,496)  $(1,384,978)  $(4,276,484)
Weighted average common shares outstanding - basic and diluted   13,144,063    8,379,069    12,225,987    8,166,921 
Earnings per share - basic and diluted:                    
Loss from continuing operations  $(0.07)  $(0.38)  $(0.11)  $(0.52)
Discontinued operations                
Net loss  $(0.07)  $(0.38)  $(0.11)  $(0.52)


The following potentially dilutive securities were excluded from the calculation of diluted net loss per share because the effects were anti-dilutive based on the application of the treasury stock method and because the Company incurred net losses during the period:


   Three Months Ended March 31,   Six Months Ended March 31, 
   2014   2013   2014   2013 
Options to purchase shares of common stock   675,000        675,000     
Warrants to purchase shares of common stock   2,866,506    2,167,602    2,866,506    698,904 
Series E convertible preferred stock   127,840    127,840    127,840    127,840 
Shares of non-vested restricted stock   21,000    789    21,000    789 
Total potentially dilutive shares   3,690,346    2,296,231    3,690,346    827,533 


The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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Other recent filings from the company include the following:

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