LiveDeal Just Filed Its Quarterly Report: Earnings (loss) per...

Earnings (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 is computed using the weighted average shares outstanding during the period. Diluted earnings (loss) per share is computed using the weighted average number of common shares outstanding and if dilutive, potential common shares outstanding during the period. Potential common shares consist of the additional common shares issuable in respect of stock options, wa rrants and convertible preferred stock. The potential dilutive effect of stock options and warrants is calculated using the treasury stock method. 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 earnings (loss) per share:

 

   Three Months Ended December 31, 
   2015   2014 
Basic          
           
Net income (loss) attributed to Live Ventures Incorporated  $176,148   $(4,947,434)
Less: preferred stock dividends   (480)   (483)
Net income (loss) applicable to common stock  $175,668   $(4,947,917)
           
Weighted average common shares outstanding   16,905,098    15,111,162 
           
Basic earnings (loss) per share  $0.01   $(0.33)
           
Diluted          
           
Net income (loss) applicable to common stock  $175,668   $(4,947,917)
Add: preferred stock dividends   480    483 
Net income (loss) applicable for diluted earnings (loss) per share  $176,148   $(4,947,434)
           
Weighted average common shares outstanding   16,905,098    15,111,162 
Add: Options   129,344     
Add: Warrants   2,057,207     
Add: preferred stock   127,800     
Assumed weighted average common shares outstanding   19,219,449    15,111,162 
           
Diluted earnings (loss) per share  $0.01   $(0.33)

  

The following is a list of potentially dilutive securities outstanding (prior to dilutive effect) at the respective periods:

 

   Three Months Ended December 31, 
   2015   2014 
         
Options to purchase shares of common stock   1,050,000    600,000 
Warrants to purchase shares of common stock   3,540,876    3,540,876 
Series E convertible preferred stock   127,840    127,840 
Total potentially dilutive shares   4,718,716    4,268,716 

 

The above information was disclosed in a filing to the SEC. To see the filing, click here. LiveDeal next reports earnings on February 16, 2016.

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Other recent filings from the company include the following:

Major owner of Live Ventures just picked up 500 shares - Aug. 16, 2017
Live Ventures Just Filed Its Quarterly Report: Net earnings per sha... - Aug. 11, 2017
Live: Index To Form 10-Q Filing FOR THE QUARTER ENDED JUNE 30, 2017 TABLE OF CONTENTS PART I FINANCIAL INFORMATION - Aug. 10, 2017
Live Ventures Incorporated Announces Third Quarter Fiscal 2017 Results - Aug. 10, 2017
Submission of Matters to a Vote of Security - July 26, 2017

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