General form of registration statement for all companies including face-amount certificate companies

Net loss per share (FY)

v3.20.4
Net loss per share (FY)
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Net loss per share [Abstract]    
Net loss per share
Note 20- Net loss per share
Basic and diluted net loss per share attributable to common stockholders is presented using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options and the amount of compensation cost for future service that has not yet been recognized are collectively assumed to be used to repurchase shares.
Basic and diluted net loss per share is calculated by dividing net and comprehensive loss attributable to common stockholders by the weighted-average shares outstanding during the period. For the three and nine months ended September 30, 2020 and 2019, the Company’s basic and diluted net and comprehensive loss per share attributable to common stockholders are the same, because the Company has generated a net loss to common stockholders and common stock equivalents are excluded from diluted net loss per share as they have an antidilutive impact.
The following table sets forth basic and diluted net loss per share attributable to common stockholders for the three and nine months ended September 30, 2020 and 2019:

Dollars in thousands
  
Nine Months Ended September 30,
    
Three Months Ended September 30,
  
Common stockholders
  
2020
    
2019
    
2020
    
2019
  
Numerator:
                        
Net and comprehensive loss
  
$
(29,551
)
  
$
(170,311
)
  
$
(1,693
)
  
$
(6,025
)
Less: Preferred stock dividends
    
103
      
70
      
35
      
43
  
Net and comprehensive loss available to common stockholders
  
$
(29,654
)
  
$
(170,381
)
  
$
(1,728
)
  
$
(6,068
)
Denominator:
                                
Weighted average shares used in computing net loss per share attributable to common stockholders, basic and diluted
    
48,809,740
      
28,624,230
      
48,961,447
      
43,575,010
  
Net loss per share attributable to common stockholders, basic and diluted
  
$
(0.61
)
  
$
(5.95
)
  
$
(0.04
)
  
$
(0.14
)
Note 21 - Net loss per share

Basic and diluted net loss per share attributable to common stockholders is presented using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options and the amount of compensation cost for future service that has not yet been recognized are collectively assumed to be used to repurchase shares.

Basic and diluted net loss per share is calculated by dividing net and comprehensive loss attributable to common stockholders by the weighted-average shares outstanding during the period.  For the years ended December 31, 2019 and 2018, the Company’s basic and diluted net and comprehensive loss per share attributable to common stockholders are the same, because the Company has generated a net loss to common stockholders and common stock equivalents are excluded from diluted net loss per share as they have an antidilutive impact.

The following table sets forth basic and diluted net loss per share attributable to common stockholders for the years ended December 31, 2019 and 2018:

Dollars in thousands except per share amounts
  
Years Ended
  
   
December 31,
  
   
2019
    
2018
  
Common stockholders
            
Numerator:
            
Net and comprehensive loss
  
$
(184,462
)
  
$
(6,026
)
Less: Preferred stock dividends
    
109
      
-
  
Net and comprehensive loss available to common stockholders
  
$
(184,571
)
  
$
(6,026
)
Denominator:
                
Weighted average shares used in computing net loss per share attributable to common stockholders, basic and diluted
    
33,238,600
      
11,516,421
  
Net loss per share attributable to common stockholders, basic and diluted
  
$
(5.55
)
  
$
(0.52
)