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, warr ants 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 June 30,   Nine Months Ended June 30, 
   2016   2015   2016   2015 
Basic                    
                     
Net income (loss) attributed to Live Ventures Incorporated  $13,368,197   $(4,208,391)  $14,762,853   $(10,251,045)
Less: preferred stock dividends   (479)   (480)   (1,438)   (1,442)
Net income (loss) applicable to common stock  $13,367,718   $(4,208,871)  $14,761,415   $(10,252,487)
                     
Weighted average common shares outstanding   16,836,361    16,151,289    16,879,151    15,766,001 
                     
Basic earnings (loss) per share  $0.79   $(0.26)  $0.87   $(0.65)
                     
                     
                     
Diluted                    
                     
Net income (loss) applicable to common stock  $13,367,718   $(4,208,871)  $14,761,415   $(10,252,487)
Add: preferred stock dividends   479        1,438     
Net income (loss) applicable for diluted earnings (loss) per share  $13,368,197   $(4,208,871)  $14,762,853   $(10,252,487)
                     
Weighted average common shares outstanding   16,836,361    16,151,289    16,879,151    15,766,001 
Add: Options   128,375        119,784     
Add: Warrants   2,050,296        1,989,063     
Add: preferred stock   127,800        127,800     
Assumed weighted average common shares outstanding   19,142,832    16,151,289    19,115,798    15,766,001 
                     
Diluted earnings (loss) per share  $0.70   $(0.26)  $0.77   $(0.65)

 

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

 

   Three Months Ended June 30,   Nine months Ended June 30, 
   2016   2015   2016   2015 
Options to purchase shares of common stock   1,050,000    1,050,000    1,050,000    1,050,000 
Warrants to purchase shares of common stock   3,540,876    3,540,876    3,540,876    3,540,876 
Series E convertible preferred stock   127,840    127,840    127,840    127,840 
Total potentially dilutive shares   4,718,716    4,718,716    4,718,716    4,718,716 

 

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

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Other recent filings from the company include the following:

Live Ventures Just Filed Its Quarterly Report: Earnings Per Share ... - May 11, 2017
Changes in Registrants Certifying - May 1, 2017

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