Central Federal Bancshares, Inc Just Filed Its Quarterly Report: NOTE 2 LOSS PER S...

NOTE 2 LOSS PER SHARE

 

Loss per share is based upon the weighted-average shares outstanding. The shares outstanding were issued on January 12, 2016. The shares in the Company’s Employee Stock Ownership Plan, which have been committed to be released, are considered outstanding.

 

    Three Months Ended
September 30, 2016
    Nine Months Ended
September 30, 2016
 
    (Unaudited)  
Basic and Diluted Loss per Share:                
                 
Net Loss   $ (24,000 )   $ (885,000 )
Less: Dividends Paid on Common Stock     -       -  
Undistributed Loss   $ (24,000 )   $ (885,000 )
                 
Weighted-Average Basic and Diluted Shares Outstanding     1,647,123       1,574,331  
                 
Distributed Loss per Share   $ -     $ -  
Undistributed Loss per Share     (0.01 )     (0.56 )
Net Loss per Share   $ (0.01 )   $ (0.56 )

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

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