TWINLAB CONSOLIDATED HOLDINGS, INC. Just Filed Its Quarterly Report: Net Loss per Common ...

Net Loss per Common Share


 


Basic net loss per common share (“Basic EPS”) is computed by dividing net loss by the weighted average number of common shares outstanding. Diluted net loss per common share (“Diluted EPS”) is computed by dividing net loss by the sum of the weighted average number of common shares outstanding and the dilutive potential common shares then outstanding. Potential dilutive common share equivalents consist of total shares issuable upon the exercise o f outstanding stock options and warrants to acquire common stock using the treasury stock method and the average market price per share during the period. 


 


When calculating diluted loss per share, if the effects are dilutive, companies are required to add back to net loss the effects of the change in derivative liabilities related to warrants. Additionally, if the effects of the change in derivative liabilities are added back to net loss, companies are required to include the warrants outstanding related to the derivative liability in the calculation of the weighted average dilutive shares. 


 




The common shares used in the computation of our basic and diluted net loss per share are reconciled as follows: 


 


 






















  

Three Months Ended
June 30,

  

Six Months Ended
June 30,

 
  

2021

  

2020

  

2021

  

2020

 

Numerator:

                

Net income (loss)

 $1,082  $(1,362) $1,465  $(6,526)
Effect of dilutive securities on net income (loss):                

Common stock warrants

  -   (886)  -   - 
                 

Total net income (loss) for purpose of calculating diluted net income (loss) per common share

 $1,082  $(2,248) $1,465  $(6,526)
                 

Number of shares used in per common share calculations:

             

Total shares for purpose of calculating basic net income (loss) per common share

  259,092,833   257,210,800   259,606,931   256,985,474 
Weighted-average effect of dilutive securities:                

Common stock warrants

  -   1,024,995   -   - 
                 

Total shares for purpose of calculating diluted net income (loss) per common share

  259,092,833   258,235,795   259,606,931   256,985,474 
                 

Net income (loss) per common share:

                

Basic

 $0.01  $(0.01) $0.01  $(0.03)

Diluted

 $0.01  $(0.01) $0.01  $(0.03)


 

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:

Departure of Directors or Certain - Oct. 7, 2021

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