Innovative Food Holding Just Filed Its Quarterly Report: Basic and Diluted E...

Basic and Diluted Earnings Per Share 


Basic net earnings per share is based on the weighted average number of shares outstanding during the period, while fully-diluted net earnings per share is based on the weighted average number of shares of common stock and potentially dilutive securities assumed to be outstanding during the period using the treasury stock method. Potentially dilutive securities consist of options and warrants to purchase common stock, and convertible debt. Basic and diluted net loss per share is computed based on the weighted average number of shares of common stock outstanding during the period.


The Company uses the treasury stock method to calculate the impact of outstanding stock options and warrants. Stock options and warrants for which the exercise price exceeds the average market price over the period have an anti-dilutive effect on earnings per common share and, accordingly, are excluded from the calculation. 


Dilutive shares at March 31, 2019:


Convertible notes and interest


At March 31, 2019 there were no convertible notes outstanding.


Warrants


At March 31, 2019 there are no warrants outstanding.


Stock Options


The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company at March 31, 2019:   


 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

Exercise

 

 

Number

 

 

Contractual

 

 

Price

 

 

of Options

 

 

Life (years)

 

 

$

0.62

 

 

 

360,000

 

 

 

4.76 

 

 

$

0.75

 

 

 

50,000

 

 

 

2.76

 

 

$

0.85

 

 

 

540,000

 

 

 

4.76 

 

 

$

0.95

 

 

 

50,000

 

 

 

2.76

 

 

$

1.10

 

 

 

75,000

 

 

 

2.12

 

 

$

1.20

 

 

 

900,000

 

 

 

4.76

 

 

$

1.38

 

 

 

100,000

 

 

 

0.67

 

 

$

1.50

 

 

 

125,000

 

 

 

2.76

 

 

$

1.90

 

 

 

100,000

 

 

 

0.42

 

 

$

2.00

 

 

 

125,000

 

 

 

2.76

 

 

$

2.50

 

 

 

125,000

 

 

 

2.76

 

 

$

3.00

 

 

 

125,000

 

 

 

2.76

 

 

 

 

 

 

 

2,675,000

 

 

 

3.92

 


Restricted Stock Awards 


At March 31, 2019 there are an additional 300,000 unvested restricted stock awards remaining from grants in a prior year. Those 300,000 restricted stock awards will vest as follows: 125,000 restricted stock awards will vest contingent upon the attainment of a stock price of $2.00 per share for 20 straight trading days, and an additional 175,000 restricted stock awards will vest contingent upon the attainment of a stock price of $3.00 per share for 20 straight trading days.


Stock-based compensation


During the three months ended March 31, 2019, the Company incurred an obligation to issue an aggregate  total of 72,826 shares of common stock to its Chief Executive Officer and to its Director of Strategic Acquisitions based upon their employment agreements


Dilutive shares at March 31, 2018:


There were no convertible notes or warrants outstanding on March 31, 2018.


Stock Options


The following table summarizes the options outstanding and the related prices for the options to purchase shares of the Company’s common stock issued by the Company:  


                 

Weighted

 
                 

Average

 
                 

Remaining

 
 

Exercise

   

Number

   

Contractual

 
 

Price

   

of Options

   

Life (years)

 
  $ 1.04       200,000       2.59  
  $ 1.31       150,000       0.50  
  $ 1.38       100,000       1.67  
  $ 1.42       100,000       0.22  
  $ 1.43       50,000       0.75  
  $ 1.46       100,000       0.25  
  $ 1.70       75,000       0.04  
  $ 1.90       175,000       1.23  
  $ 2.00       50,000       0.04  
  $ 2.40       20,000       0.17  
  $ 2.50       37,500       0.04  
  $ 3.40       30,000       0.17  
  $ 3.50       37,500       0.04  
            1,125,000       0.96  

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

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