Earnings per common share – Basic earnings per share excludes any dilutive effects of options, warrants and convertible securities. Basic earnings per share is computed using the weighted-average number of outstanding common shares during the applicable period. Diluted earnings per share is computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. Common stock equivalent shares are excluded from the computation if their effect is antidilutive. Potentially dilutive shares included in dilutive earnings per share totaled 34,929,502 and 44,837,540 at December 31, 2016 and 2015, respectively. These sha res reflect shares potentially issuable under convertible note agreements during the periods and 138,941 shares and 195,610 shares payable to a related party at both December 31, 2016 and 2015, respectively.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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