Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY

v3.8.0.1
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY

The table below reconciles basic and diluted loss per share of common stock:
(In thousands, unaudited)
Three Months Ended
March 31,
 
2018
 
2017
Numerator:
 
 
 
Net loss - basic
$
(4,286
)
 
$
(602
)
Adjustment for assumed conversion of warrants
(503
)
 
—

Net loss - diluted
$
(4,789
)
 
$
(602
)
 
 
 
 
Denominator:
 
 
 
Weighted-average common share equivalents - basic
23,212

 
22,865

Potential dilution from assumed conversion of warrants
499

 
—

Weighted-average common and common share equivalents - diluted
23,711

 
22,865

Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share
2,491

 
3,065




In March 2018, we completed a registered direct offering for a total of 3,943,333 shares of our common stock at a price of $3.00 per share, resulting in net proceeds to us of approximately $11.4 million. We intend to use the net proceeds from this offering for general corporate purposes, including Phase One of our planned expansion of Bronco Billy’s Casino and Hotel in Cripple Creek, Colorado.