Quarterly report pursuant to Section 13 or 15(d)

10. Earnings (Loss) Per Share

v3.3.1.900
10. Earnings (Loss) Per Share
3 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

Earnings (loss) per share is calculated using the weighted average number of shares of common stock outstanding during the applicable period. Basic weighted average common shares outstanding is computed using the weighted average shares outstanding during the period. Diluted earnings (loss) per share is computed using the weighted average number of common shares outstanding and if dilutive, potential common shares outstanding during the period. Potential common shares consist of the additional common shares issuable in respect of stock options, warrants and convertible preferred stock. The potential dilutive effect of stock options and warrants is calculated using the treasury stock method. Preferred stock dividends are subtracted from net loss to determine the amount available to common stockholders.

  

The following table presents the computation of basic and diluted earnings (loss) per share:

 

    Three Months Ended December 31,  
    2015     2014  
Basic                
                 
Net income (loss) attributed to Live Ventures Incorporated   $ 176,148     $ (4,947,434 )
Less: preferred stock dividends     (480 )     (483 )
Net income (loss) applicable to common stock   $ 175,668     $ (4,947,917 )
                 
Weighted average common shares outstanding     16,905,098       15,111,162  
                 
Basic earnings (loss) per share   $ 0.01     $ (0.33 )
                 
Diluted                
                 
Net income (loss) applicable to common stock   $ 175,668     $ (4,947,917 )
Add: preferred stock dividends     480       483  
Net income (loss) applicable for diluted earnings (loss) per share   $ 176,148     $ (4,947,434 )
                 
Weighted average common shares outstanding     16,905,098       15,111,162  
Add: Options     129,344        
Add: Warrants     2,057,207        
Add: preferred stock     127,800        
Assumed weighted average common shares outstanding     19,219,449       15,111,162  
                 
Diluted earnings (loss) per share   $ 0.01     $ (0.33 )

  

The following is a list of potentially dilutive securities outstanding (prior to dilutive effect) at the respective periods:

 

    Three Months Ended December 31,  
    2015     2014  
             
Options to purchase shares of common stock     1,050,000       600,000  
Warrants to purchase shares of common stock     3,540,876       3,540,876  
Series E convertible preferred stock     127,840       127,840  
Total potentially dilutive shares     4,718,716       4,268,716