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

Net loss per share

v3.20.1
Net loss per share
12 Months Ended
Dec. 31, 2019
Net loss per share [Abstract]  
Net loss per share
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
)