Live Ventures Just Filed Its Quarterly Report: Net earnings per sh...

Net earnings 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 Consolidated Balance Sheet. Diluted net earnings per share is computed using the weighted average number of common shares outstanding and if dilutive, potential common shares outstanding during the period. Potential co mmon 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 earnings to determine the amount available to common stockholders.

 

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

 

   Three Months Ended December 31, 
   2016   2015 
Basic        
         
Net income (loss) attributed to Live Ventures Incorporated  $1,428,573   $176,148 
Less: preferred stock dividends   (479)   (480)
Net income (loss) applicable to common stock  $1,428,094   $175,668 
           
Weighted average common shares outstanding   1,999,983    2,817,516 
           
Basic earnings (loss) per share  $0.71   $0.06 
           
           
Diluted          
           
Net income (loss) applicable to common stock  $1,428,094   $175,668 
Add: preferred stock dividends   479    480 
Net income (loss) applicable for diluted earnings (loss) per share  $1,428,573   $176,148 
           
Weighted average common shares outstanding   1,999,983    2,817,516 
Add: Options   44,355    21,557 
Add: Common Stock Warrants       342,868 
Add: Series B Preferred Stock   1,071,200     
Add: Series B Preferred Stock Warrants   590,145     
Add: Series E Preferred Stock   127,840    127,840 
Assumed weighted average common shares outstanding   3,833,523    3,309,782 
           
Diluted earnings (loss) per share  $0.37   $0.05 

 

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:

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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