Houston American Energy Corporation Just Filed Its Quarterly Report: Loss per ShareBasic ...
Loss per Share
Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common shares were exercised or converted into common shares that then shared in the earnings of the Company. The Company’s only outstanding potentially dilutive securities are options and warrants. Using the treasury stock method, outstanding ‘in-the-money’ options would have increased our diluted weighted average shares outstanding by approximately 55,000 and 55,000 shares, respectively, for the three and nine months ended September 30, 2013 and by approximately 55,000 and 1,723,401 shares, respectively, for the three and nine months ended September 30, 2012; however, due to losses during these periods, these options were excluded from the diluted earnings per share calculation because their effect would have been anti-dilutive.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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