| 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
June 30, |
|
|
Nine Months Ended
June 30, |
|
| |
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
| Basic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) attributed to Live Ventures Incorporated |
|
$ |
13,368,197 |
|
|
$ |
(4,208,391 |
) |
|
$ |
14,762,853 |
|
|
$ |
(10,251,045 |
) |
| Less: preferred stock dividends |
|
|
(479 |
) |
|
|
(480 |
) |
|
|
(1,438 |
) |
|
|
(1,442 |
) |
| Net income (loss) applicable to common stock |
|
$ |
13,367,718 |
|
|
$ |
(4,208,871 |
) |
|
$ |
14,761,415 |
|
|
$ |
(10,252,487 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding |
|
|
16,836,361 |
|
|
|
16,151,289 |
|
|
|
16,879,151 |
|
|
|
15,766,001 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings (loss) per share |
|
$ |
0.79 |
|
|
$ |
(0.26 |
) |
|
$ |
0.87 |
|
|
$ |
(0.65 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) applicable to common stock |
|
$ |
13,367,718 |
|
|
$ |
(4,208,871 |
) |
|
$ |
14,761,415 |
|
|
$ |
(10,252,487 |
) |
| Add: preferred stock dividends |
|
|
479 |
|
|
|
– |
|
|
|
1,438 |
|
|
|
– |
|
| Net income (loss) applicable for diluted
earnings (loss) per share |
|
$ |
13,368,197 |
|
|
$ |
(4,208,871 |
) |
|
$ |
14,762,853 |
|
|
$ |
(10,252,487 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding |
|
|
16,836,361 |
|
|
|
16,151,289 |
|
|
|
16,879,151 |
|
|
|
15,766,001 |
|
| Add: Options |
|
|
128,375 |
|
|
|
– |
|
|
|
119,784 |
|
|
|
– |
|
| Add: Warrants |
|
|
2,050,296 |
|
|
|
– |
|
|
|
1,989,063 |
|
|
|
– |
|
| Add: preferred stock |
|
|
127,800 |
|
|
|
– |
|
|
|
127,800 |
|
|
|
– |
|
| Assumed weighted average common shares outstanding |
|
|
19,142,832 |
|
|
|
16,151,289 |
|
|
|
19,115,798 |
|
|
|
15,766,001 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted earnings (loss) per share |
|
$ |
0.70 |
|
|
$ |
(0.26 |
) |
|
$ |
0.77 |
|
|
$ |
(0.65 |
) |
The following
is a list of potentially dilutive securities outstanding (prior to dilutive effect) at the respective periods:
| |
|
Three Months Ended
June 30, |
|
|
Nine months Ended
June 30, |
|
| |
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
| Options to purchase shares of common stock |
|
|
1,050,000 |
|
|
|
1,050,000 |
|
|
|
1,050,000 |
|
|
|
1,050,000 |
|
| Warrants to purchase shares of common stock |
|
|
3,540,876 |
|
|
|
3,540,876 |
|
|
|
3,540,876 |
|
|
|
3,540,876 |
|
| Series E convertible preferred stock |
|
|
127,840 |
|
|
|
127,840 |
|
|
|
127,840 |
|
|
|
127,840 |
|
| Total potentially dilutive shares |
|
|
4,718,716 |
|
|
|
4,718,716 |
|
|
|
4,718,716 |
|
|
|
4,718,716 |
|
|