| Schedule of Earnings Per Share Basic and Diluted |
The calculation of the numerator and denominator
for basic and diluted net loss per common share is shown in the following table.
| |
|
For the three months ended |
|
| |
|
March 31, |
|
| |
|
2018 |
|
|
2017 |
|
| |
|
|
|
|
|
|
| Net loss from continuing operations applicable to common stockholders - basic and diluted |
|
$ |
(1,096,798 |
) |
|
$ |
(232,442 |
) |
| |
|
|
|
|
|
|
|
|
| Total common shares issued and outstanding |
|
|
35,272,626 |
|
|
|
31,745,242 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average shares outstanding used in calculating net loss per common share - basic and diluted |
|
|
35,272,626 |
|
|
|
31,745,242 |
|
| |
|
|
|
|
|
|
|
|
| Net loss per common share - basic and diluted |
|
$ |
(0.03 |
) |
|
$ |
(0.01 |
) |
|
The 2016 calculation uses the common shares
issued to Promet in the asset purchase transaction, restated for the one-for-seven reverse split and weighted for the issuance
dates of Promet’s member interests.
| |
|
For the year ended |
|
| |
|
December 31, 2017 |
|
|
December 31, 2016 |
|
| Net loss from continuing operations |
|
$ |
(1,856,315 |
) |
|
$ |
(1,917,066 |
) |
| Less: Preferred stock dividends |
|
|
- |
|
|
|
- |
|
| Net loss from continuing operations applicable to common stockholders - basic |
|
|
(1,856,315 |
) |
|
|
(1,917,066 |
) |
| |
|
|
|
|
|
|
|
|
| Dilution adjustments (not computed since they are antidilutive): |
|
|
|
|
|
|
|
|
| Preferred stock dividend |
|
|
- |
|
|
|
- |
|
| Interest on senior convertible notes, net of tax |
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Net loss from continuing operations applicable to common stockholders - diluted |
|
$ |
(1,856,315 |
) |
|
$ |
(1,917,066 |
) |
| |
|
|
|
|
|
|
|
|
| Promet common shares issued and outstanding |
|
|
31,745,242 |
|
|
|
31,745,242 |
|
| Heatwurx common shares issued and outstanding |
|
|
3,527,384 |
|
|
|
- |
|
| Total common shares issued and outstanding - basic |
|
|
35,272,626 |
|
|
|
31,745,242 |
|
| |
|
|
|
|
|
|
|
|
| Potential common shares (not computed since they are antidilutive): |
|
|
|
|
|
|
|
|
| Warrants |
|
|
- |
|
|
|
- |
|
| Conversion of preferred stock to common shares |
|
|
- |
|
|
|
- |
|
| Conversion of senior convertible notes to common shares |
|
|
- |
|
|
|
- |
|
| Total common shares issued and outstanding - diluted |
|
|
35,272,626 |
|
|
|
31,745,242 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average shares outstanding used in calculating net loss per common share - basic |
|
|
32,595,680 |
|
|
|
29,321,049 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average shares outstanding used in calculating net loss per common share - diluted |
|
|
32,595,680 |
|
|
|
29,321,049 |
|
| |
|
|
|
|
|
|
|
|
| Net loss per share - basic |
|
$ |
(0.06 |
) |
|
$ |
(0.07 |
) |
| |
|
|
|
|
|
|
|
|
| Net loss per share - diluted |
|
$ |
(0.06 |
) |
|
$ |
(0.07 |
) |
|